An interesting one. I can't see a super fund wholly owning and managing a drilling co for long. That's more a private equity gig, but they normally target poorly managed assets, buy them, get them humming then on-sell them via a relisting on the ASX to gullible retail shareholders, who often then lose their shirts.
If the super fund successfully buys this, IMO they will likely on-sell it to a bigger drilling co eg. PRN within 12 months. All I can surmise is that they view DDB as very undervalued so they feel they can buy it and then on-sell it and earn an attractive arbitrage profit.
GLTA & DYOR
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Last
28.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.08M |
Open | High | Low | Value | Volume |
28.0¢ | 28.0¢ | 28.0¢ | $58.8K | 210K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12295373 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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28.5¢ | 121356 | 4 |
View Market Depth
No. | Vol. | Price($) |
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1 | 12295373 | 0.280 |
1 | 20000 | 0.100 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.285 | 13801 | 3 |
0.300 | 5784 | 2 |
0.400 | 1000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
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