I still haven't seen any reason for the share price plummeting from $3.90 back to $3.40. Is it the takeover is viewed as being negative or is there something else? Prior to the take-over Goldman Sachs has a buy on IMF with a target price of about $4.40.
Interested in other people's take on the share price dropping and the likely short term price action.
Ann: Acquisition and Associated Equity Raising, page-24
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$1.14 |
Change
0.025(2.25%) |
Mkt cap ! $320.7M | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.15 | $1.11 | $344.9K | 302.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2377 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 9974 | 1 |
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| OBL (ASX) Chart |