BGL is a company WITH NO FINANCIAL SUBSTANCE to it at all. It had an audited income( not profit) of only $5 million last year according to LINKEDIN. On their own website the ONLY asset listed is the 40% ownership of DCC ,which they may only own 50% of ,as they stated at the time of financing DCC 50% could be sold to other investors. I think there are posters on HC that could have come up with $2 m(50%) to do that deal.
The fact they could NOT get listed on the ASX on TWO attempts is a real worry .BGL needed DCC possably more than we needed them IMO.
This group will want to take us over as cheaply as possible.....40-50% of DCC has only cost them $4 m ........THESE GUYS ARE NOT OUR WHITE KNIGHT SAVIORS AN MORE.
I think a take over by BGL will happen by Sept 2018 and for less than $1 per share,BGl and associates are the cappers of the DCC share price and will continue to do so, Good news by DCC will do little in the long run to boost the price to an appropriate level IMO.
Technically they are a great fit for DCC.......but not financially GLTOH
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Last
4.2¢ |
Change
0.001(2.44%) |
Mkt cap ! $36.38M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.1¢ | $25.29K | 616.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 224683 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 207064 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 224683 | 0.041 |
9 | 738007 | 0.040 |
7 | 452564 | 0.039 |
10 | 704819 | 0.038 |
7 | 207000 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 207064 | 1 |
0.043 | 327997 | 4 |
0.044 | 297709 | 5 |
0.045 | 522200 | 2 |
0.046 | 462000 | 3 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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