Apparently RIO has been trading at least 25% below fair value ..... for how long?
If this is actually true the worth of every analyst etc must now be severely under scutiny.
Just how many more 25% undervalued co's are there out there?
How very convenient for a world market under pressure, for BHP to decide at a crucial juncture to fess up to having made an offer (& received a rejection) sometime in the past (just how long ago they are still silent on!) even though both parties have till now stridently denied the persistant rumours.
So what has been gained by BHP to fessing up now ???
Can't see much more than it making RIO dearer (like 25% already) & putting BHP's own sp under pressure.
Is there some genius scheme in BHP's actions that are just totally elluding me ????
so how did mr market n analysts get it so wron
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Last
$120.12 |
Change
0.750(0.63%) |
Mkt cap ! $44.81B | |||
| Open | High | Low | Value | Volume |
| $120.37 | $120.90 | $119.16 | $101.7M | 842.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 82 | $120.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.13 | 117 | 1 |
View Market Depth
| Last trade - 14.26pm 11/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |