I cannot see L1 making a T/O attempt for COE, because L1 is an Investment Mgr - they are not a Private Equity Investment house as far as I know. They would not have the mgt expertise to manage and operate an O&G company.
Having said that, as you say, they quite probably are positioning themselves in readiness for a T/O attempt from another O&G operator, or a bottom feeder investor. There would be plenty of those around who can sniff a bargain. Yes, a predator grabbing a holding like L1's, would give that predator a pretty much unassailable lead.
With COE SP holding at these low, low levels, it would not take much to get the other Insto holders over the line IMHO.
Ann: Change in substantial holding, page-4
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add COE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
21.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $567.6M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 20.5¢ | $770.0K | 3.609M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 391296 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 618989 | 10 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |