What is the mystery here? This is the market doing its thing and people have different opinions on value.
1. We have Origin fans:
For example the many large, well informed investors that value Origin at over $9.43/share (e.g. Brookfield, EIG, AusSuper and reportedly Perpetual).
2. We have Origin pessimists:
Some people on these boards have claimed the share price might drop to $5-6/share range if offer was rejected.
3. We have the current market price
The market has currently decided something around $8/share is fair.
You make up your own mind if the market is right or wrong on the share price.
But if it is going to trade at around $8/share after a bid falling over I think it backs the view that the offer of $9.43/share (+18%) was too low and not a sufficient premium for a takeover offer and control.
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Last
$10.93 |
Change
0.070(0.64%) |
Mkt cap ! $18.82B |
Open | High | Low | Value | Volume |
$10.82 | $10.93 | $10.74 | $26.18M | 2.406M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 23534 | $10.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.94 | 10414 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 25610 | 10.860 |
2 | 19153 | 10.850 |
2 | 18634 | 10.840 |
2 | 22277 | 10.830 |
1 | 1500 | 10.820 |
Price($) | Vol. | No. |
---|---|---|
10.940 | 10414 | 1 |
10.950 | 10546 | 2 |
10.970 | 2900 | 2 |
10.980 | 2000 | 1 |
10.990 | 4212 | 1 |
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