There was a lot of rubbish written in recent posts, so I started a new one.
It appears that BOQ is close to an agreement to purchase the ME Bank, which the market and commentators seem to think is a positive step.
Most likely, purchase by one of the big 4 banks would NOT have been approved by the ACCC because of a reduction in competition.
The purchase by BOQ would be funded by a combination of institutional placement and rights issue.
If the $650m figure for the rights issue is about right, that would equate to a 1 for 6 issue. Maybe at $8.20, by my guesstimate.
There was a lot of rubbish written in recent posts, so I started...
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Last
$6.14 |
Change
0.120(1.99%) |
Mkt cap ! $4.061B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.14 | $6.02 | $15.52M | 2.545M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | $6.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.14 | 111064 | 19 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| BOQ (ASX) Chart |