Looking at the substantial holders announcement to see that Chinese owned AOL has almost 26% of MGX and then reading the Takover Panels decision re a similar situation in 2008 at http://www.takeovers.gov.au/content/DisplayDoc.aspx?doc=reasons_for_decisions/2008/004.htm&pageID=&Year=2008 I'm wondering what is going on here.
MGX has been in a constant BOT dominated sell off since 8 April, with the SP going down 19% or so over that period. Almost twice as much as other IO companies.
Is someone accumulating at lower prices for that potential takeover or is someone doing an underhanded takeover through a number of entities?
I don't know - but the SP is still going down today with BOT activity. Maybe someone is after a portion of my $388 mil plus that is sitting in the bank with MGX.
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Last
43.0¢ |
Change
0.010(2.38%) |
Mkt cap ! $510.2M |
Open | High | Low | Value | Volume |
42.0¢ | 43.0¢ | 41.8¢ | $212.3K | 502.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 170198 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 132841 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 170198 | 0.425 |
10 | 198030 | 0.420 |
6 | 121131 | 0.415 |
11 | 267296 | 0.410 |
6 | 214771 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 132544 | 21 |
0.435 | 122346 | 8 |
0.440 | 135210 | 5 |
0.445 | 137216 | 8 |
0.450 | 186752 | 9 |
Last trade - 12.51pm 02/07/2024 (20 minute delay) ? |
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MGX (ASX) Chart |