Looking at the substantial holders announcement to see that Chinese owned AOL has almost 26% of MGX and then reading the Takover Panels decision re a similar situation in 2008 at http://www.takeovers.gov.au/content/DisplayDoc.aspx?doc=reasons_for_decisions/2008/004.htm&pageID=&Year=2008 I'm wondering what is going on here.
MGX has been in a constant BOT dominated sell off since 8 April, with the SP going down 19% or so over that period. Almost twice as much as other IO companies.
Is someone accumulating at lower prices for that potential takeover or is someone doing an underhanded takeover through a number of entities?
I don't know - but the SP is still going down today with BOT activity. Maybe someone is after a portion of my $388 mil plus that is sitting in the bank with MGX.
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Last
33.0¢ |
Change
-0.010(2.94%) |
Mkt cap ! $402.0M |
Open | High | Low | Value | Volume |
33.5¢ | 33.5¢ | 33.0¢ | $788.7K | 2.379M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 161463 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.5¢ | 15526 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 161463 | 0.325 |
16 | 146787 | 0.320 |
9 | 267770 | 0.315 |
7 | 170941 | 0.310 |
5 | 25481 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.335 | 15526 | 1 |
0.340 | 330614 | 7 |
0.345 | 37800 | 3 |
0.350 | 126678 | 4 |
0.355 | 37499 | 2 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
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