A heap of money does sound that great.
Unfortunately $312m is only worth 10c to us.
The company down the track will have to be sold above $1b and well above.
My figure in my head is 47c minimum which will only be equivalent to the Hardman T/O
and obviously once we have more confirmed facts and in perhaps in time we can compare
ourselves to being in a better or worse position than Hardman.
For me anyway, that gives me some sort of guide.
We must remember that Hardman was a 4c stock and managed to get to $2.02 before being taken over and
about $2.42 I think was its high before it settled back to $2.02. So not necessarily our FAR is going to be gobbled up immediately.
Why did it get to $2.42, well I would say investors were hoping for another offer which didn`t eventuate, though things are different a decade later.....but we just might find ourselves eventually in a bidding war.
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Last
49.8¢ |
Change
0.008(1.53%) |
Mkt cap ! $45.97M |
Open | High | Low | Value | Volume |
49.5¢ | 50.0¢ | 49.5¢ | $30.11K | 60.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 26546 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 16813 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 26546 | 0.495 |
3 | 191996 | 0.490 |
2 | 104597 | 0.485 |
2 | 110000 | 0.480 |
1 | 100000 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 16813 | 1 |
0.510 | 202895 | 4 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
0.525 | 100000 | 1 |
Last trade - 15.43pm 05/09/2024 (20 minute delay) ? |
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FAR (ASX) Chart |