I agree, this may cause some short term price weakness, but I would prefer to be holding this one myself for the longer term.
I would be surprised if many really expected an offer from Cape. Given that they couldnt give a reasonable offer when the SP was under 90c. With the SP recently hovering around the 1.10 mark and the increased value of the Aus dollar, a reasonable would have been much more expensive than earlier.
Hence I think the SP had little takeover premium built in. Once the short term traders are out and holders are focusing on the long term value, I think we will see the price quickly rebound.
I agree, this may cause some short term price weakness, but I...
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Last
78.0¢ |
Change
0.010(1.30%) |
Mkt cap ! $77.02M | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 79.0¢ | 78.0¢ | $8.104K | 10.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1750 | 74.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 248 | 1 |
View Market Depth
| Last trade - 15.44pm 01/08/2025 (20 minute delay) ? |
| PCG (ASX) Chart |