Hi Goldenpig,
I think ADO is a huge takeover target, and it would not suprise me if the recent buying pressure was from a large Pharma taking a stake.
With 2 signed deals, and 47 prospects, it is extremely likely one of them has said.... hang on, it makes more sense to buy the company. A bit like the old shaving ad... I liked it so much I bought the company.
The kicker for me is this..... if one company tries to take ADO, I would be very suprised if the other Pharmas let it happen without a fight. I think any tilt would spark a bidding war...
new 12 month closing high, page-16
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Last
2.1¢ |
Change
-0.001(3.67%) |
Mkt cap ! $52.28M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.1¢ | $7.812K | 349.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 828094 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 1102151 | 4 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ADO (ASX) Chart |