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$6.19 bank of queensland limited.

Purchase of ME Bank, page-2

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20/02/21

09:57

Post #: 51177009
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Originally posted by PhilMiner: ↑

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.

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You really think it would be $8.20? I hope you're right but I'm thinking something closer to the previous CR (around $7.50).

BOQ Price at posting: $8.41 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $6.19		Change 0.105(1.73%)		Mkt cap ! $4.070B

Open	High	Low	Value	Volume
$6.11	$6.19	$6.10	$6.050M	985.0K

Buyers (Bids)

No.	Vol.	Price($)
43	25323	$6.18

Sellers (Offers)

Price($)	Vol.	No.
$6.19	84754	35

View Market Depth

No.	Vol.	Price($)
52	30030	6.180
26	70220	6.170
17	44169	6.160
19	80408	6.150
11	29245	6.140

Price($)	Vol.	No.
6.190	75627	28
6.200	81020	24
6.210	52123	10
6.220	115911	12
6.230	12548	8

Last trade - 14.18pm 29/04/2024 (20 minute delay)


Last $6.18			Change 0.105 ( 1.56 %)
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