There is no way SMN could be taken over because the majority of significant shareholders would not sell under $3.00 per share.
If $3.00 was offered, there would be many other shareholders who would see that the company had substantial value & hold out for a better offer.
In the short term, an offer of $5.00 per share would have to be made before there was even a glimmer of hope for a take over.
If an offer of $5.00 per share was made right now I would still not be a seller. The opportunity of great dividends plus further capital appreciation is too great to sell for such an insignificant price. It would be short term thinking.
SMN is a once in a lifetime opportunity do not let the company go for a pittance.
Technical charting, page-282
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Last
40.0¢ |
Change
0.020(5.26%) |
Mkt cap ! $54.72M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.5¢ | $86.35K | 219.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 60000 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 2559 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SMN (ASX) Chart |