With A2M currently down 3% and SM1 down 21%, I'd say the market has seen through SM1's attempt to pin their downgrade on A2M.
The way SM1 is headed, A2M's takeover blocking stake in the company is looking increasingly important (even if it has declined massively in terms of its financial value). I still don't see any necessity for A2M to increase their stake and exposure to SML's problems beyond this. However I could envisage a point where their hand is forced if other takeover bidders enter the fray that do not align with A2M's interests.
Media Updates, page-12659
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Last
$6.50 |
Change
-0.065(0.99%) |
Mkt cap ! $4.724B | |||
| Open | High | Low | Value | Volume |
| $6.51 | $6.57 | $6.48 | $2.177M | 334.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 12804 | $6.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.50 | 7207 | 9 |
View Market Depth
| Last trade - 11.58am 25/06/2024 (20 minute delay) ? |
| A2M (ASX) Chart |