PEN 4.55% 10.5¢ peninsula energy limited

M&A, page-13

  1. 191 Posts.
    lightbulb Created with Sketch. 66
    I would like to see 40c, I expect it to be at least a 30% premium to acquiring company on a relative basis. I think the big push will be synergies/best interest of both shareholder groups/greater index weighting/fund participation yada yada - I expect it to be similar pitch to DYL’s attempt on VMY just a higher premium. All true of course. It wouldnt surprise me if PENs already in the 30-35c range by Feb so the 40c valuation for scrip offering certainly sounds plausible. I’ll likely continue to hold… maybe sell a small portion to lock in some gains.
 
watchlist Created with Sketch. Add PEN (ASX) to my watchlist
(20min delay)
Last
10.5¢
Change
-0.005(4.55%)
Mkt cap ! $350.5M
Open High Low Value Volume
11.0¢ 11.0¢ 10.5¢ $62.69K 580.0K

Buyers (Bids)

No. Vol. Price($)
16 1667440 10.5¢
 

Sellers (Offers)

Price($) Vol. No.
11.0¢ 8719401 67
View Market Depth
Last trade - 10.33am 29/07/2024 (20 minute delay) ?
PEN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.