There was an article in the Courier mail online business suggesting that there is chatter about a possible takeover by private equity and that Andrew Buckley may be involved.
In my view this is still a great company and with the fall in the AUD there earnings from US operations which accounts for at least 55 % of revenue is going to sky rocket this half. Looking forward to the HY results as I think they will be at the upper end of forecast and with a divvy of about 10-13c what a great buy this was and still is.
I don't think there will be any write downs because if you read their annual report they had 70 odd million in buffer on valuations so it would take a massive write down to turn that into -ve territory.
All those shorters should get back in fast !
Takeover Target
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Last
39.5¢ |
Change
0.020(5.33%) |
Mkt cap ! $15.42M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 39.5¢ | 37.5¢ | $29.22K | 75.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 14034 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| CDD (ASX) Chart |