I'm not a holder of MCE but have had it on my watchlist for a while for trading opportunities. Luckily I didn't try and catch the falling knife. Anyway I was just reading the 'Eureka Report' and there is a weekly article about takeover action.
After a table of all the offers on the ASX there is a section titled 'foreshadowed offers'. It lists MCE but in the bidder column it has 'no party' and in the notes it has 'suspended on operational and financial update'.
I came here to see if there was any information on this but to no avail. It seems strange that it is listed as foreshadowed when nothing has been mentioned that I know of in the press or elsewhere.
Thought this might be of interest.
Cheers
Ann: Trading Halt , page-26
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Last
29.5¢ |
Change
-0.010(3.28%) |
Mkt cap ! $64.76M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 29.5¢ | $164.1K | 546.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 41499 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 103083 | 2 |
View Market Depth
| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| MCE (ASX) Chart |