CE1 0.00% 0.9¢ calima energy limited

Ann: Company Update, page-3

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 8,711 Posts.
    lightbulb Created with Sketch. 3355
    Very heartening to see there have been three unsolicited offers.
    Also great they aren't going to accept a lowball offer even if it's at a premium to current market cap.
    I am not in this stock for them to sell assets below market price.
    Also worthy noting is that earnings to price ratios, themselves, do not account for the large (but non-earning) Montney assets.
    I am not that surprised by this outcome given smart players are only going to lowball given the low market cap (relative to assets). Wouldn't be surprised to see a takeover offer in the near-term either.
    In the meantime, looking forward to another dividend.

    Last edited by invertedva: 26/06/23
 
watchlist Created with Sketch. Add CE1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.