CAPE has no legal authority to put in a bid. They are putting it in, in the hope of having the standstill clause scrapped.
Director Jamie CULLEN said in this mornings West that he is not going to scrap the agreement, and CAPE will need to put in it's best offer if it wants to takover the company.
If CAPE stick with $1.30 and PCH don't cancel the agreement then the bid is dead in the water.
CAPE alledgedly threatened PCH if it didn't accept the takeover bid then they will put PCH under enormous competitive pressure. Jamie said he is not afraid of the threat as they compete very well against them.
I would suggest that the price may retrace 6-7 cents over the next week or so until we get a definitive answer one way or the other.
Bring it on.
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pengana capital group limited
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Last
85.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $84.42M |
Open | High | Low | Value | Volume |
85.5¢ | 85.5¢ | 85.5¢ | $21 | 24 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6000 | 78.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
85.5¢ | 567 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6000 | 0.780 |
1 | 2000 | 0.770 |
1 | 10000 | 0.750 |
1 | 12710 | 0.740 |
1 | 8224 | 0.730 |
Price($) | Vol. | No. |
---|---|---|
0.855 | 567 | 1 |
0.860 | 1511 | 2 |
0.890 | 3158 | 1 |
0.935 | 5567 | 1 |
0.980 | 2000 | 1 |
Last trade - 09.59am 25/07/2025 (20 minute delay) ? |
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