You shouldn't be surprised to see sharks out casting opportunistic bids in the market at times like these. Seen this many times.
They currently have only a very small number of shares and this may shake out a few more for them, but I don't see anything in this price offering that will win them control of IFM. Nevertheless they could end up with a more substantial base for a more substantial bid in the future. I am a substantial shareholder in this company and it will take a lot better than this offer for me to loosen my grip on my holding. I just hope this does not divert management from running the company efficiently in the meantime.
Ann: Trading Halt, page-13
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Last
$1.50 |
Change
-0.025(1.64%) |
Mkt cap ! $561.8M | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.54 | $1.49 | $9.078M | 6.071M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 605 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 401 | 1 |
View Market Depth
| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| IFM (ASX) Chart |