If you look at this trade halt rationally, the only information provided shows that it is clearly to raise capital for an acquisition which can only be good for the long term growth aspects of AGH. If the company hadn't been growing at the rate it has and a CR was announced through a trading halt, well then yes major concerns would be relevant.
Worries around potential short term share price drops shouldn't change views on the outlook of this company, as it is clearly in a very strong position with plenty of great prospects in the pipeline, with this acquisition being one of them.
If the SP drops due to the CR, anyone that has/is following AGH in the long term would see it as a great potential time to top up further at a good price as a big acquisition can mean an even stronger future for this company. However if on wednesday the information provided is stronger then anticipated, a drop in the SP may not even be seen.
A sentiment around buying/selling in the short term seems irrational, as it's a lot of guess work from all parties around what it could be, however reading between the lines, long term prospects look strong and riding this out to see the outcome seems the most logical response.
IMO DYOR
- Forums
- ASX - By Stock
- AGH
- News: AGH Althea Group Seeks Trading Halt
News: AGH Althea Group Seeks Trading Halt, page-8
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGH (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.8¢ |
Change
-0.002(4.00%) |
Mkt cap ! $19.45M |
Open | High | Low | Value | Volume |
5.1¢ | 5.1¢ | 4.6¢ | $24.82K | 503.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 31105 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 31105 | 0.048 |
3 | 116887 | 0.047 |
3 | 420960 | 0.046 |
3 | 744223 | 0.045 |
2 | 150000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 40000 | 1 |
0.050 | 82404 | 1 |
0.051 | 201000 | 1 |
0.052 | 102000 | 2 |
0.053 | 61276 | 2 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
AGH (ASX) Chart |