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
33.5¢ |
Change
0.010(3.08%) |
Mkt cap ! $408.1M |
Open | High | Low | Value | Volume |
34.0¢ | 34.5¢ | 33.3¢ | $751.1K | 2.218M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 50010 | 33.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 130000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 50010 | 0.335 |
6 | 383447 | 0.330 |
5 | 147863 | 0.325 |
4 | 81128 | 0.320 |
6 | 56087 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 130000 | 3 |
0.345 | 178321 | 5 |
0.350 | 386751 | 7 |
0.355 | 100000 | 3 |
0.360 | 102185 | 4 |
Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
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MGX (ASX) Chart |