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
$2.97 |
Change
-0.140(4.50%) |
Mkt cap ! $877.6M |
Open | High | Low | Value | Volume |
$3.09 | $3.10 | $2.96 | $3.329M | 1.105M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 29023 | $2.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.99 | 8828 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 19023 | 2.960 |
9 | 432730 | 2.950 |
9 | 17125 | 2.940 |
4 | 16306 | 2.930 |
5 | 30369 | 2.920 |
Price($) | Vol. | No. |
---|---|---|
2.990 | 8828 | 2 |
3.000 | 8828 | 2 |
3.010 | 8828 | 2 |
3.020 | 2131 | 1 |
3.030 | 2131 | 1 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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ABB (ASX) Chart |