The market has priced VIT shares at $2.09 to compensate for the opportunity cost of having capital locked up until november, as well as the (very small) risk of the scheme falling over. This is very normal takeover behaviour. SP will never rally to (or above) the takeover price unless the market is of the opinion that a higher bid might surface. No one's going to pay $2.22 per share + brokerage costs and expect to get 0 return for a 2 month hold.
Just market pricing at work here.
- Forums
- ASX - By Stock
- VIT
- Ann: VIT FY2016 Full Year Results-VIT.AX
Ann: VIT FY2016 Full Year Results-VIT.AX, page-11
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VIT (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.6¢ |
Change
0.002(2.70%) |
Mkt cap ! $43.76M |
Open | High | Low | Value | Volume |
7.6¢ | 7.6¢ | 7.4¢ | $3.823K | 50.68K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6081 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.6¢ | 6722 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6081 | 0.075 |
2 | 18364 | 0.074 |
3 | 79413 | 0.072 |
1 | 194326 | 0.071 |
7 | 505714 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.076 | 6722 | 1 |
0.077 | 16357 | 2 |
0.083 | 3454 | 1 |
0.085 | 6814 | 1 |
0.086 | 32572 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
VIT (ASX) Chart |