2310 GMT [Dow Jones] STOCK CALL:
Bid proposal for ABB Grain (ABB.AU) by Canada's Viterra (VT.T) at A$9.00-A$9.50/share has 50/50 chance of success, Austock says; happy to buy up to A$9.00 in short term with good chance of Viterra increasing bid above A$10.00; reasonable long term value at A$10.21 within 12 months as season, capex plans play out; warns traders with short term view should be aware deal might take 4-8 months to consummate.
As standalone company "we still believe ABB has the best autonomous growth path of any listed Australian grain company," it says. Rating unchanged at Buy, target price A$10.21 vs yesterday's close at A$8.43 (RCB)
good chance of increased bid to over $10
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Last
$3.50 |
Change
0.000(0.00%) |
Mkt cap ! $1.034B | |||
| Open | High | Low | Value | Volume |
| $3.50 | $3.53 | $3.48 | $1.612M | 460.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6257 | $3.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.51 | 1200 | 1 |
View Market Depth
| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| ABB (ASX) Chart |