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
83.0¢ |
Change
0.010(1.22%) |
Mkt cap ! $189.2M |
Open | High | Low | Value | Volume |
82.0¢ | 83.0¢ | 82.0¢ | $43.03K | 52.16K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 537 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
85.0¢ | 6617 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 537 | 0.830 |
2 | 7341 | 0.810 |
1 | 7700 | 0.805 |
1 | 7500 | 0.800 |
1 | 5000 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.850 | 6617 | 1 |
0.880 | 6000 | 1 |
0.890 | 6612 | 1 |
0.900 | 500 | 1 |
0.970 | 10000 | 1 |
Last trade - 15.41pm 10/09/2024 (20 minute delay) ? |
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