Jesimore,If you check back COE's fall to 23c was at a time when they first gave an unconditional agreement to give back 50c +1.9 COE shares within a short time after 7Nov closing date while IPM shares traded around 80c.This can be broken down to 50c + 30c divided 1.9 COE shares.Buying IPM shares gave you opportunity to pick up COE shares for under 16c.No wonder COE shares fell.Even now with IPM available at $1.06 you can swap that for 50c+ 56c divided by 1.9= 29.5c/COE share which is a discount to buying COE shares on market.Once this ends on Friday COE will once again be trading on its merits.Expect a bounce limited of course by what the overall market is doing.Remember COE directors saw buying IPM shares as more of a bargain than buying their own shares,now that they have 20%+ of them it is worth more to them than spending the equivalent amount mopping up their own shares or they got it wrong.Just think what buying $20m+ worth of COE shares on market now would do to its SP and you get an idea of how cheap they are at present.
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $475.2M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.0¢ | $113.1K | 627.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 673498 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 298930 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 673498 | 0.180 |
15 | 1006624 | 0.175 |
9 | 666186 | 0.170 |
9 | 483617 | 0.165 |
5 | 361971 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 298930 | 6 |
0.190 | 453213 | 8 |
0.195 | 345153 | 4 |
0.200 | 242350 | 6 |
0.205 | 313451 | 2 |
Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
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