re: coles myer board rejects .. so when do they go CML is a complex situation.
They have a higher than normal retail shareholding which, in the event of a hostile bid, will remain loyal to the board, and the bid could get expensive to the point that there is nothing left for the bidders.
In any event, a hostile bid would probably involve some sort of pre-acceptance from Solomon Lew and that Greek bloke who own major shareholdings. I believe the latter would be a seller at $14-$15.
WITHOUT A LOT OF CONVICTION, I predict that a hostile bid will not get up, and the price of CML will drop.
re: coles myer board rejects .. so when do they go CML is a...
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Last
2.3¢ |
Change
-0.002(8.00%) |
Mkt cap ! $56.45M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.6¢ | 2.2¢ | $1.263M | 52.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 4459559 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 2838000 | 5 |
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| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
| GCM (ASX) Chart |