Looking at CAJ and IDX's share price reaction over the last few days, I got a feeling this takeover is not going to eventuate. By making a move for IDX, it had the potential to kill 3 birds with 1 stone.
First Bird
- IDX's share price would pounce post the announcement.
- It created an opportunity to realise gains for some holders.
Second Bird
- CAJ's share price would slide post the announcement.
- It created an opportunity to top up before the juicy half year report.
Third Bird
- The 11 x EBITDA price tag was a move to scare away other suitors.
Disclaimer: All my personal opinion. Don't take it too seriously.
Ann: Presentation - Capitol's Offer for Integral Diagnostics, page-47
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Last
38.0¢ |
Change
-0.005(1.30%) |
Mkt cap ! $405.1M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.8¢ | 38.0¢ | $854.4K | 2.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 137364 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 2291738 | 21 |
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| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| CAJ (ASX) Chart |