The lower the SP goes the greater the chance of PLS being targeted for acquisition. All we have witnessed here is a short-term commodity price retracement which was not unexpected by the market. PLS remains an obvious takeover target due in part to its eye-watering $3.3 billion cash position, its single asset focus, and its strong operating and SP performance. Takeover interest would be growing the lower the SP goes.
GLTAH!
Good News & Bad News, page-33657
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Last
$3.00 |
Change
-0.020(0.66%) |
Mkt cap ! $9.030B | |||
| Open | High | Low | Value | Volume |
| $3.02 | $3.04 | $2.98 | $40.14M | 13.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 110363 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 14732 | 4 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |