I agree. Unless the IO price stays below $60 for a while, BCI should ride this out so they don't need to give away the company. Remember, Kerry Stokes has 19% of BCI and he does not need to sell, so the offer would need to be attractive to him. Circa $2.00 is my guess.
M.B downgrade BCI as sell TP=$0.40, page-72
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Last
23.8¢ |
Change
0.003(1.06%) |
Mkt cap ! $685.0M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.3¢ | 23.5¢ | $54.23K | 228.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 114068 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 18896 | 1 |
View Market Depth
| Last trade - 15.57pm 06/08/2024 (20 minute delay) ? |
| BCI (ASX) Chart |