Looking at CAJ and IDX's share price reaction over the last few days, I got a feeling this takeover is not going to eventuate. By making a move for IDX, it had the potential to kill 3 birds with 1 stone.
First Bird
- IDX's share price would pounce post the announcement.
- It created an opportunity to realise gains for some holders.
Second Bird
- CAJ's share price would slide post the announcement.
- It created an opportunity to top up before the juicy half year report.
Third Bird
- The 11 x EBITDA price tag was a move to scare away other suitors.
Disclaimer: All my personal opinion. Don't take it too seriously.
Ann: Presentation - Capitol's Offer for Integral Diagnostics, page-47
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Last
37.0¢ |
Change
0.010(2.78%) |
Mkt cap ! $394.4M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.5¢ | 36.5¢ | $2.285M | 6.173M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39164 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 151083 | 5 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| CAJ (ASX) Chart |