re: in play I think this share should move up in the next few days. There is still a bit of market uncertainty clouding the trading field. Here are some different ways to look at the numbers:
Affinity (Brett Sutton) says that CDO has underperformed by 71% for shareholders (48%CDO+23%market). He also says that their $4.50 bid is a 36% premium to their 'pre-speculation' valuation. My maths make that valuation to be $3.31. SO if you apply his own CDO underperformance number it gives CDO a target valuation of $5.65.
Or you can backward engineer the market P/E and CDO's P/E and you get a target price of $5.78. In my books that means that Affinity is bidding 4.50 for something that they value at 5.65 and the 'market perform' target gives them $5.78. Add to that a great balance sheet in terms of minimal long-term debt, Affinity can pay way more and still leverage it into the Private Equity ballpark return of 30-40%.
There may be another bidder come along but more likely CDO says no and Affinity ups their bid. It is BS to believe they won't up it. Allco did a similar thing to Baycorp and up'ed their bid. Besides, I don't think Brett Sutton has the experience to game the market on this. Game theory says "accumulate" - the target is way higher for CDO and Affinity will pay up. Shout that to the world!
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Last
$1.80 |
Change
0.090(5.26%) |
Mkt cap ! $28.16M |
Open | High | Low | Value | Volume |
$1.71 | $1.80 | $1.71 | $262.0K | 150.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $1.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.80 | 30988 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 1.715 |
1 | 6000 | 1.700 |
1 | 5000 | 1.660 |
2 | 21049 | 1.650 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
1.800 | 30988 | 2 |
1.820 | 5703 | 1 |
1.900 | 29922 | 1 |
1.945 | 56 | 1 |
2.000 | 16525 | 1 |
Last trade - 15.36pm 26/07/2024 (20 minute delay) ? |
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