2310 GMT [Dow Jones] STOCK CALL:
Bid proposal for ABB Grain (ABB.AU) by Canada's Viterra (VT.T) at A$9.00-A$9.50/share has 50/50 chance of success, Austock says; happy to buy up to A$9.00 in short term with good chance of Viterra increasing bid above A$10.00; reasonable long term value at A$10.21 within 12 months as season, capex plans play out; warns traders with short term view should be aware deal might take 4-8 months to consummate.
As standalone company "we still believe ABB has the best autonomous growth path of any listed Australian grain company," it says. Rating unchanged at Buy, target price A$10.21 vs yesterday's close at A$8.43 (RCB)
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- good chance of increased bid to over $10
good chance of increased bid to over $10
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Last
$3.53 |
Change
0.040(1.15%) |
Mkt cap ! $1.031B |
Open | High | Low | Value | Volume |
$3.49 | $3.57 | $3.49 | $242.3K | 68.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 1868 | $3.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.53 | 3066 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 5496 | 3.530 |
11 | 6041 | 3.520 |
11 | 5578 | 3.510 |
13 | 27377 | 3.500 |
5 | 3268 | 3.490 |
Price($) | Vol. | No. |
---|---|---|
3.540 | 425 | 3 |
3.550 | 5986 | 10 |
3.560 | 9279 | 14 |
3.570 | 6948 | 13 |
3.580 | 18208 | 9 |
Last trade - 10.31am 24/06/2024 (20 minute delay) ? |
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