"Bigtincan Price Target Cut 23% to A$0.73/Share by Morgan Stanley" just released this morning.
Strange that the firm that BTH has enlisted to assist with any evaluation of inbound enquires re takeover of BTH is now issuing a 23% SP reduction. And now the target SP is under what was a possible $0.80/share bid previously.... So if $0.73cps is realistic and a bidder needs to put, say, a 10% premium on that, is that the new takeover price tag? Hmmm = $0.803 cps.....
What do people make of this strange behaviour? And why is only Morgan Stanley making this announcement? Normally for a serious & fundamental based re-rating of -23% I'd expect more than one firm to chime in. What is the game play here?
BTW for the first time in a while we have some trades going through in the 1,000's rather than single or double figures.... Interesting.
Ann: FY2023 Full Year Results Investor Webinar Notice, page-62
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $102.7M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 12.5¢ | $119.7K | 900.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 82400 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 26818 | 1 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| BTH (ASX) Chart |