Recoop,
I have my limits - and for a small company like IPM 15% weighting has seemed to me about the limit, therefore had to put some in other stocks, eg COE and CVN in the oil sector.
Of course my holding in COE is much less than 15%, I have MUCH lower limits for the roulette wheel.
Why am I attracted to this roulette wheel - well the next few spins were free, ie if the next few wells are dry the asset backing is still there.
Why don't I like COE messing with IPM - because they are very different animals and my bet is the result will be a stuff up, as happens with most takeovers.
Anyway I notice my COE sp is rapidly descending to the 3.1 ratio (as I expected), thereby halfing the so called "premium".
EL
Recoop,I have my limits - and for a small company like IPM 15%...
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Last
21.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $567.6M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 20.5¢ | $770.0K | 3.609M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 391296 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 618989 | 10 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |