CRH crowe horwath australasia ltd

conditionial bid anytime..?

  1. 209 Posts.
    Came onto my radar yesterday, in today at $0.425. Has had a nice run up since the mid $0.20's.

    Purely a speculative takeover play with some nice technical trend associated.

    As per the ASX Query response today, we know Anchorage are interested and CRH have provided confidential information to at least one other party.

    It was the 20th of March when announcement confirmed non binding indicative conditional proposal so they have had plenty of time.

    We still wait to see the Substantial Shareholder update from yesterdays volume.

    Very good chance this becomes binding and conditional and at my guess would need to be at least $0.60 - $0.70.

    Good luck

 
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