Auto,
Whatever migh thoughts about the takeover, both sets of assets are grossly underpriced atm, so I am hardly an eager seller of either.
COE is now clearly valued at less than the sum of it's parts, and an enlarged COE with little sp recovery from here would be also.
I guess a predator looking to a break up would prefer COE now. Even at 55 cps it would be more than justifiable on cash, PEL92/93 and franking credits. Whatever they did with or got for the Tunisian and Indonesian assets would be a bonus.
Therefore I prefer to exercise patience. With liquidity in both shares I don't really have any choice. There are sellers, but not willing sellers, at these prices.
EL
Auto,Whatever migh thoughts about the takeover, both sets of...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add COE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
18.8¢ |
Change
-0.003(1.32%) |
Mkt cap ! $501.6M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $43.77K | 234.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 709783 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 464485 | 23 |
View Market Depth
| Last trade - 15.14pm 18/09/2024 (20 minute delay) ? |
| COE (ASX) Chart |