Hi Stayer
I doubt they'll get taken over by a local team or PE. I think an international player would outgun them if they believed CDD was really in play. Would the funds be willing to sell at the bottom of the cycle? Would seem a bit silly to panic. I also suspect writedowns will be coming and are factored into the price. However on the flipside of writedowns, much of the business value is denominated in USD - so doubt writedowns will outweigh currency appreciation benefits on balance.
But we need to wait and see what happens. I'm not going to expect the tough times to be over for a while (I am on the fence - will oil be $US50 or $100 in 12 months time - I have no idea - but in two or three years I definitely think it will ahve been over $100 again) - so am hopeful of further SP falls, and a "fair" crap raise and acquisition is OK with me too, in the energy bus. It is a shame for longer term holders that CDD's SP has fallen in a hole at such a great time to make acquisitions.
GLTA
Panic selling is welcome - but I would prefer it to be a big fund selling so that I can buy more cheap - cheers ;-)
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43.0¢ |
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Mkt cap ! $16.79M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 537 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 3299 | 2 |
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No. | Vol. | Price($) |
---|---|---|
1 | 12 | 0.425 |
2 | 5629 | 0.420 |
1 | 1993 | 0.415 |
2 | 4602 | 0.410 |
1 | 20156 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 14585 | 3 |
0.440 | 6818 | 1 |
0.450 | 20442 | 3 |
0.490 | 9043 | 2 |
0.550 | 20000 | 1 |
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