Another $0.25 down, now about $1.25 and some franking credtis below the firm cash offer of Brookfield.
ORG was trading <$7 before the offer.
I see all kinds of optimistic comments, some with price targets like $12 in a year or so.
If there was any broad view that something like that is even remotely possible, we would see buoyancy in the price, not ORG down another 3% in a market that went up modestly.
This fails, and we are back to <$7, and depending on capital raising, reduced dividends, etc - maybe well less than $7.
It is a rare event to see shareholders cheering for the destruction of value, like some on this board.
$1.25 and counting
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Last
$10.86 |
Change
-0.090(0.82%) |
Mkt cap ! $18.70B | |||
| Open | High | Low | Value | Volume |
| $10.94 | $11.06 | $10.86 | $35.83M | 3.279M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 112720 | $10.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.88 | 176 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ORG (ASX) Chart |