Nope - you still don't get it....some of the most classic value investor picks are the ones where you expect a major shareholder or some other major player to bid or buy out the company and then unlock that value in the company.
It's a classic play and has been done many times by some of the greats like Warren Buffett and Carl Icahn to amazing effect.
I'm hoping for at least 1.20-1.40 before I exit this trade. That would be a tidy 100% profit for me or there abouts.
Ann: Q2 Trading Update, page-279
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Last
$1.04 |
Change
0.075(7.77%) |
Mkt cap ! $845.9M | |||
| Open | High | Low | Value | Volume |
| 96.0¢ | $1.04 | 95.0¢ | $1.561M | 1.559M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 100819 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 28277 | 6 |
View Market Depth
| Last trade - 14.21pm 19/11/2024 (20 minute delay) ? |
| MYR (ASX) Chart |