That some people have bought above the approx. $8.72 takeover price suggests,
1/ a mistake has been made
2/ people expect another and higher bid
3/ people expect the authorities to deny the bid with Origin to stay as is and trade higher
4/ or some people want a small capital loss.
Buying above $8.72 continues so it can't be a mistake, can it? I'd be happy with a higher bid but don't know where it's coming from. Having the bid knocked back is a real possibility. Whether ORG would trade higher is in the realm of who knows.
Banter and general comments, page-2
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Last
$10.10 |
Change
-0.130(1.27%) |
Mkt cap ! $17.39B | |||
| Open | High | Low | Value | Volume |
| $10.18 | $10.20 | $10.07 | $14.27M | 1.410M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4115 | $10.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.12 | 18102 | 4 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$10.08 |
Change
-0.130 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| $10.17 | $10.20 | $10.07 | 494301 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| ORG (ASX) Chart |