The timing of that statement is telling as well. Not long before expiration. All the instos are on board 100% with the rights issue. If they think $2.50 is decent value for $800m in this climate, it pretty much confirms the bull case you can construct on current P/E.
fundamental analysis shows ipl now weaker, page-4
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Last
$3.00 |
Change
0.030(1.01%) |
Mkt cap ! $5.715B | |||
| Open | High | Low | Value | Volume |
| $2.98 | $3.00 | $2.96 | $16.41M | 5.500M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 88991 | $2.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 184677 | 11 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| IPL (ASX) Chart |