Nope - you still don't get it....some of the most classic value investor picks are the ones where you expect a major shareholder or some other major player to bid or buy out the company and then unlock that value in the company.
It's a classic play and has been done many times by some of the greats like Warren Buffett and Carl Icahn to amazing effect.
I'm hoping for at least 1.20-1.40 before I exit this trade. That would be a tidy 100% profit for me or there abouts.
Ann: Q2 Trading Update, page-279
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Last
84.5¢ |
Change
0.040(4.97%) |
Mkt cap ! $702.8M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 85.0¢ | 81.5¢ | $646.4K | 773.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 23796 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 42195 | 4 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| MYR (ASX) Chart |