The same theory should apply to SDL as well, yet its share price is now exceeding the proposed offer. The market must think another bidder will enter the contest.
But I do agree that if the market stablises the share price may start to move up a little.
why is share price so low?, page-21
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Last
$2.00 |
Change
-0.190(8.68%) |
Mkt cap ! $360.7M | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.08 | $2.00 | $1.154M | 567.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 93188 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.01 | 9186 | 10 |
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| Last trade - 13.21pm 04/09/2024 (20 minute delay) ? |
| BMN (ASX) Chart |