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)
2310 GMT [Dow Jones] STOCK CALL: Bid proposal for ABB Grain...
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Last
$3.16 |
Change
-0.035(1.10%) |
Mkt cap ! $939.7M | |||
| Open | High | Low | Value | Volume |
| $3.18 | $3.22 | $3.12 | $391.0K | 123.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 44313 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.16 | 8644 | 20 |
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| Last trade - 11.39am 01/08/2024 (20 minute delay) ? |
| ABB (ASX) Chart |