With Consolidated's 23% blocking stake now gone, it looks like Henghou is now the largest shareholder (they had 6.77% at 12 June, correct me if their holding has changed since).
For years, liquidity was an issue that held BCI back. When Regent left, the SP rose as more institutions got involved. It's likely that the same thing will happen now.
And with the 23% stake gone, BCI becomes a legitimate takeover target (for someone other than Consolidated or Regent, who cheekily tried to buy the company for peanuts but thankfully failed in their bid).
Who wouldn't want to buy a company that is sitting on a pile of money and controls 75% of the Nullagine cash-cow?!
The question is, would any of you guys want to sell? It would have to be a hell of a premium to tempt me :)
bci now a takeover target?
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $706.7M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.0¢ | 24.0¢ | $55.98K | 226.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 298772 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 68583 | 3 |
View Market Depth
| Last trade - 15.57pm 08/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |