I've been sitting at my computer for the last 2 days watching the bloodbath that's engulfed Beach.Remind me again not to catch a falling knife!!Bought a few at 69c today and had a smile on my face for about 15mins.
I've been musing the fact that the ASX200 is up 40% over the last year and Beach is down 14% over the same period. A quick check of the Beach website reveals they have 1,033,924,347 shares on issue and at the close of trade .665c,that gives a market cap of $687,559,690[please check my maths,it's not my strong point].
The question is this; when the next review of the index is carried out[is it quarterly?] is Beach a contender to drop out of the index?
Also, does anyone remember what Santos' offer was for Delhi Petroleum before Beach trumped them? Are we getting close to that price? I know there has been speculation before about Santos swooping and I've not been a believer, but if Beach keeps dropping Santos could have Beach for the same price it was prepared to pay for just the Delhi assets.
I hasten to add this is not an attempt to ramp up or down as I have held Beach for many years. Just curious to understand the big picture.
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Last
$1.14 |
Change
0.008(0.66%) |
Mkt cap ! $2.589B |
Open | High | Low | Value | Volume |
$1.16 | $1.16 | $1.14 | $341.1K | 298.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 68026 | $1.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.15 | 60884 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 68026 | 1.140 |
16 | 141624 | 1.135 |
17 | 164109 | 1.130 |
15 | 233788 | 1.125 |
13 | 140903 | 1.120 |
Price($) | Vol. | No. |
---|---|---|
1.145 | 60884 | 17 |
1.150 | 154225 | 10 |
1.155 | 250257 | 19 |
1.160 | 162681 | 17 |
1.165 | 651904 | 14 |
Last trade - 10.23am 18/09/2024 (20 minute delay) ? |
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