BPT recently paid down $950 million of debt facilities maturing between 3 and 5 years from 2017. With the current arrangement they have no time left to fund the takeover of COE unless they renegotiate their terms. After the BPT's Western Flank downgrade, the chances of COE being taken over a increasing.
IF BPT announces to the market they have extended their debt facilities that would be the time to have diamond hands. As we approach 2023 and the looming east coast gas shortage draws near, I'd want my pound of flesh from BPT. Current market cap of COE is $433 million @ 0.26c, in light of this how much would forum members sell to BPT?
COE market cap at $950 million would be 0.593c per share.
BPT doesn't have time to take over COE without extended finance
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $462.0M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.5¢ | 16.5¢ | $169.1K | 988.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 95000 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 408831 | 6 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| AEL (ASX) Chart |