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...
- Forums
- ASX - By Stock
- Dissention
I think the almost universal feeling is that this is an...
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
DVP
Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place
Add NDO (ASX) to my watchlist
|
|||||
Last
85.5¢ |
Change
-0.065(7.07%) |
Mkt cap ! $209.8M |
Open | High | Low | Value | Volume |
85.5¢ | 85.5¢ | 85.5¢ | $8.204K | 9.595K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 53686 | 85.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
90.0¢ | 21666 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 53686 | 0.855 |
2 | 115739 | 0.850 |
1 | 4000 | 0.810 |
1 | 40500 | 0.800 |
1 | 663 | 0.755 |
Price($) | Vol. | No. |
---|---|---|
0.900 | 21666 | 2 |
0.910 | 4000 | 1 |
0.920 | 1270 | 1 |
0.970 | 19999 | 2 |
1.010 | 989 | 1 |
Last trade - 11.05am 05/08/2024 (20 minute delay) ? |
Featured News
NDO (ASX) Chart |