BPT more likely to do some swallowing in this market. Potential local suitors have stretched balance sheets, although BPT itself would want to be buying earnings accretive assets if uses its debt facility. I suppose an international company could make a play, but not sure who would fit.
Why would you place an order so far out of the money? If there was an unexpected event which caused such a big gap down that it got filled, the next trade could well be under 20c, leaving you with an immediate loss.
If you think the market will move gradually down, why take the risk that you get your buy from a price crash?
If you want to buy at that price, better to bid when the market is closer, surely.
BPT more likely to do some swallowing in this market. Potential...
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Last
$1.18 |
Change
0.005(0.43%) |
Mkt cap ! $2.680B | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.19 | $1.15 | $9.820M | 8.392M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20075 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 37564 | 3 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BPT (ASX) Chart |