I have just completed my initial assessment of the impact of the WOW/CTX deal on CML. There is bad news for CML holders.
Based on the technical analysis and backed up by fundamental analysis, there should be a significant short to medium term affect on the CML price.
My first downside target is a close below 7.28 followed by a step fall to 7.00.
Citigroup Smith Barney put out a detailed assessment of CML and WOW back on 17 June 2003. This makes interesting reading in light of yesterday's announcement. Unfortunately I cannot reproduce the report - its a 15 page pdf file. I recommend people read it before acting.
Right now I'd rather be in WOW's shoes than in CML's.
Just my opinion.
I have just completed my initial assessment of the impact of the...
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $5.683M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $9.758K | 2.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 196957 | 1 |
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| Last trade - 12.52pm 28/06/2024 (20 minute delay) ? |
| GCM (ASX) Chart |