I think the almost universal feeling is that this is an opportunistic bottom of the cycle offer. The bid price is a premium to the prevailing price established on pathetically small volumes, albeit over an extended period - hardly a gauge of the underlying value of the assets. I think BCP know this only too well. My mind goes back to the article in the Bankok Post where it was reported that their board had approved a 5B baht (168m AUD) 5 year budget for M&A.
http://www.bangkokpost.com/business/news/413592/bangchak-sets-b5bn-budget-for-m-as
I didn't expect such a big portion of this budget to be immediately applied to the "corporate transaction" and initially dismissed the possibility of a take over. I wonder now if the whole of that budget was intended for this deal if necessary. A bid price of 7.7c would probably get a bit more interest than 5.5c...
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Last
86.0¢ |
Change
-0.060(6.52%) |
Mkt cap ! $196.1M |
Open | High | Low | Value | Volume |
85.5¢ | 90.0¢ | 85.5¢ | $146.3K | 168.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 52516 | 86.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
90.0¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 52516 | 0.865 |
1 | 20000 | 0.860 |
2 | 115739 | 0.850 |
1 | 4000 | 0.810 |
1 | 40500 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.900 | 15000 | 1 |
0.920 | 1270 | 1 |
0.970 | 19999 | 2 |
1.010 | 989 | 1 |
1.050 | 115000 | 2 |
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