This has been brewing for a few weeks on above average daily buying. Most definitely not due to the buyback as, at most, it would be 10% of the daily volume. Also, the price would have been too high to continue buying later in today’s trading day. A stake is definitely being built.
Hopefully, whoever it is, they will continue to buy in the coming days/weeks prior to a possible takeover offer appearing on our screens. Highly probable in my opinion.
Also, any offer would have to be in excess of $1.50 because the BOD would reject anything lower if they don’t want to look foolish.
General Discussion, page-5
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Last
52.0¢ |
Change
0.105(25.3%) |
Mkt cap ! $250.6M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 52.0¢ | 45.0¢ | $2.756M | 5.574M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.5¢ | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| PPS (ASX) Chart |