In a take-over scenario, the buyer often suffers from a sell down if the market has concerns about what price they will be paying, or of the likelyhood of success. The target, on the other hand, usually rises.
Could today's action with BPT and COE be an indication of something in the wind?
BPT has suddenly been sold down to it's capital raising levels and buying interest has also suddenly returned to COE...especially the options which are now trading at a healthy premium.
Let's hope my predictions (guess) of a corporate move for COE finally pay off.
I previously mentioned that a possible trigger might be confirmation of Worrior production...an announcement regarding Worrior is due any day now.
COE are close to, if not at, their low this time round...so it would be as good a time as any for a corporate move.
Cheers!
interest at last...
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $488.4M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.0¢ | $494.0K | 2.662M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 495889 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 266629 | 8 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| COE (ASX) Chart |