CTP central petroleum limited

Applied for entitlement this morning., page-10

  1. 10,075 Posts.
    lightbulb Created with Sketch. 4852
    When I RI was announced I predicted the SP would fall to 10 cps.
    McBnk benefit when the SP is at this level as they will accumulate more shares not taken up by small shareholders. I am not saying they engineered the SP collapse only that they benefit in my opinion.
    The thresholds of share ownership needed to privatise CTP or any ASX company are onerous, 90% before compulsory acquisition is possible. There are unconventional dastardly ways of taking over a company at the expense of share holders but they are messy, protracted and CTP share holders have shown that they will fight. This tells me that a large % of shares will still have to be bought to complete a TO. This will be a sellers market. In anticipation, canny speculators will be buying at current levels and taking up the RI, after which profits will be there to be made.

    my opinion DYOR
    Last edited by m0ngy: 20/08/17
 
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Last
5.5¢
Change
0.001(1.85%)
Mkt cap ! $40.98M
Open High Low Value Volume
5.4¢ 5.5¢ 5.4¢ $91.62K 1.696M

Buyers (Bids)

No. Vol. Price($)
1 449381 5.4¢
 

Sellers (Offers)

Price($) Vol. No.
5.8¢ 6030 1
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Last trade - 15.59pm 27/06/2025 (20 minute delay) ?
CTP (ASX) Chart
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