Hi DSD,
Let me show why your logic is flawed.
By participating in full their 20% stake at 13 dollars a share, DAR group has essentially done:
1. Willing to buy worleyparsons shares for at least 13 dollars a share.
2. Unwilling to allow their holding to be diluted.
Either one of this outcome is positive for WOR share price. IMO a takeover is by DAR is still very much on the cards. It is therefore very unlikely WOR price will ever fall below $13 from now on.
Disclaimer: I am a long holder.
Ann: Investor Day 2017 presentation, page-87
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Last
$14.92 |
Change
-0.020(0.13%) |
Mkt cap ! $7.894B | |||
| Open | High | Low | Value | Volume |
| $14.71 | $14.96 | $14.71 | $9.142M | 614.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36 | $14.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.94 | 28 | 1 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| WOR (ASX) Chart |