Hi Gold ,
2.40's sounds like good numbers.
I am not sure that the underwriters are finished , and I think there will be plenty of instos who took up their entitlements, who will be a tad cheesed off, and looking to sell down. So rhings might be fragile for a while yet.
I disagree that this was a fundamentally good acquisition .
And the price it is now, probably reflects that , just as much any share overhang .
If you look at the projections in their investment case , " mid single digit percentage value accretion per share'', weasel words for less than 5%.
That , of course , relies on everything going well , including synergies .
My bet , lucky to break even overall on the transaction, and a substantial drop in profit per share likely.
Share price probably about right , be fascinating to see if it gets back to its previous high this decade.
despite my sentiment of hold , I would run for the hills if it ever hits 3 bucks.
cheers
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$2.14 |
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Mkt cap ! $2.875B |
Open | High | Low | Value | Volume |
$2.15 | $2.15 | $2.13 | $275.4K | 128.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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10 | 15484 | $2.14 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.15 | 44116 | 35 |
View Market Depth
No. | Vol. | Price($) |
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18 | 38505 | 2.140 |
18 | 104530 | 2.130 |
27 | 195557 | 2.120 |
21 | 89784 | 2.110 |
25 | 141583 | 2.100 |
Price($) | Vol. | No. |
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2.150 | 32951 | 29 |
2.160 | 135946 | 16 |
2.170 | 51867 | 14 |
2.180 | 47577 | 9 |
2.190 | 134795 | 6 |
Last trade - 10.37am 28/05/2024 (20 minute delay) ? |
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