Sure. My thinking (along with others) is this. Shinochem want to buy NUF. They want to pay as little as possible. They know Rathebone persuaded institutions in May09 to buy-in at $11.25 (or was it $11.50?) They know that institutions won't accept less than that and hopefully not below $12.25.
Anyway, last 2.5 months we have seen 3 profit downgrades from NUF. Clearly the result due out on 28 september will be awful. So it suits the bidder to wait for mkt to digest the lousy news/facts... and then announce they will save shareholders from their pain by buying NUF for cash. Hence, my 'best-guess' is 30 september. Certainly, i can't see a bid B4 28/09. So based on the above i am holding until TO is announced. def DYOR.
PS. ask yrself this. Shinochem have now spent 6 weeks at NUF going through EVERYTHING. If they had lost interest... why are they still checking and re-checking every damn item??
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Last
$4.67 |
Change
0.230(5.18%) |
Mkt cap ! $1.785B |
Open | High | Low | Value | Volume |
$4.49 | $4.68 | $4.49 | $5.962M | 1.296M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 998 | $4.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.68 | 1173 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 142 | 4.790 |
1 | 120 | 4.700 |
2 | 382 | 4.690 |
1 | 916 | 4.680 |
2 | 1028 | 4.670 |
Price($) | Vol. | No. |
---|---|---|
4.690 | 964 | 1 |
4.700 | 916 | 1 |
4.710 | 964 | 1 |
4.720 | 3082 | 2 |
4.730 | 964 | 1 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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NUF (ASX) Chart |