I think the almost universal feeling is that this is an opportunistic bottom of the cycle offer. The bid price is a premium to the prevailing price established on pathetically small volumes, albeit over an extended period - hardly a gauge of the underlying value of the assets. I think BCP know this only too well. My mind goes back to the article in the Bankok Post where it was reported that their board had approved a 5B baht (168m AUD) 5 year budget for M&A.
http://www.bangkokpost.com/business/news/413592/bangchak-sets-b5bn-budget-for-m-as
I didn't expect such a big portion of this budget to be immediately applied to the "corporate transaction" and initially dismissed the possibility of a take over. I wonder now if the whole of that budget was intended for this deal if necessary. A bid price of 7.7c would probably get a bit more interest than 5.5c...
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Last
85.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $193.8M |
Open | High | Low | Value | Volume |
85.0¢ | 88.0¢ | 85.0¢ | $123.7K | 145.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 212002 | 85.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.0¢ | 29650 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 212002 | 0.850 |
1 | 100000 | 0.810 |
1 | 62111 | 0.805 |
1 | 40500 | 0.800 |
1 | 663 | 0.755 |
Price($) | Vol. | No. |
---|---|---|
0.880 | 29650 | 1 |
0.885 | 34219 | 1 |
0.900 | 18330 | 1 |
0.970 | 19999 | 2 |
1.050 | 115000 | 2 |
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