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.
This has been brewing for a few weeks on above average daily...
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Last
47.0¢ |
Change
0.015(3.30%) |
Mkt cap ! $226.5M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 47.0¢ | 45.5¢ | $129.2K | 278.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 63030 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 397374 | 4 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| PPS (ASX) Chart |