I cannot see L1 making a T/O attempt for COE, because L1 is an Investment Mgr - they are not a Private Equity Investment house as far as I know. They would not have the mgt expertise to manage and operate an O&G company.
Having said that, as you say, they quite probably are positioning themselves in readiness for a T/O attempt from another O&G operator, or a bottom feeder investor. There would be plenty of those around who can sniff a bargain. Yes, a predator grabbing a holding like L1's, would give that predator a pretty much unassailable lead.
With COE SP holding at these low, low levels, it would not take much to get the other Insto holders over the line IMHO.
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Last
21.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $567.6M |
Open | High | Low | Value | Volume |
21.0¢ | 22.0¢ | 20.5¢ | $770.0K | 3.609M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 391296 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 618989 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 391296 | 0.210 |
15 | 720256 | 0.205 |
26 | 1789700 | 0.200 |
9 | 607953 | 0.195 |
5 | 977746 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 618989 | 10 |
0.225 | 646974 | 7 |
0.230 | 1690751 | 8 |
0.235 | 463209 | 12 |
0.240 | 3093045 | 27 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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