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.
Purchase of ME Bank
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Last
$5.83 |
Change
-0.070(1.19%) |
Mkt cap ! $3.845B | |||
| Open | High | Low | Value | Volume |
| $5.90 | $5.90 | $5.83 | $6.586M | 1.125M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 12465 | $5.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.84 | 1342 | 1 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$5.84 |
Change
-0.070 ( 1.00 %) |
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| Open | High | Low | Volume | ||
| $5.90 | $5.90 | $5.83 | 357422 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| BOQ (ASX) Chart |