I am more than happy for this news on the T/O of BAL has helped renew the optimism return back into this sector especially if helps A2M (incld SM1) get back on an upward trend and reflect its much higher true value SP.
However, I would not so happy for it to to be a T/O target as I truly believe the best is yet to come for this amazing growth company yet!
http://www.scoop.co.nz/stories/BU1909/S00393/a2-synlait-shares-climb-as-takeover-bid-revives-optimism.htm
Quote:
"I think it’s probably a response to the fact that A2 is arguably better positioned than Bellamy’s in China, given the issues that the latter has encountered with securing regulatory approvals," said Fat Prophets head of research Greg Smith.
"The takeover offer is also a reminder that the demand growth story in China here is very real, and reaffirmed by the bid from a Chinese company."
As always GLTA LT SHs & PLS DYOR
Media Updates, page-2664
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Last
$6.72 |
Change
0.090(1.36%) |
Mkt cap ! $4.793B | |||
| Open | High | Low | Value | Volume |
| $6.60 | $6.72 | $6.59 | $1.016M | 152.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 5200 | $6.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.72 | 12029 | 8 |
View Market Depth
| Last trade - 10.25am 21/05/2024 (20 minute delay) ? |
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Last
$6.73 |
Change
0.090 ( 1.72 %) |
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| Open | High | Low | Volume | ||
| $6.60 | $6.74 | $6.60 | 78751 | ||
| Last updated 10.43am 21/05/2024 ? | |||||
| A2M (ASX) Chart |