If they sell, Saputo will likely try to take the company private & delist from the stock exchange. (from what I've read)
If MG holds onto it, they'll be holding onto a company with a P/E ratio of 60+.. which is obviously grossly overpriced.
The market will likely correct sharply to reflect WCB's real value. Maybe 10-20 P/E is average for a dairy producer. Saputo is at around 13 P/E
Personally, I can't really see MG holding onto to any stock...
Add BGA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.38 |
Change
0.120(2.82%) |
Mkt cap ! $1.334B | |||
| Open | High | Low | Value | Volume |
| $4.28 | $4.39 | $4.27 | $1.125M | 259.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 9170 | $4.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.38 | 14810 | 24 |
View Market Depth
| Last trade - 15.04pm 09/07/2024 (20 minute delay) ? |
| BGA (ASX) Chart |