Just heard that Fonterra looking to make a bid and takeover for Murray Goulburn, there are other Chinese investors looking at it as well.
http://www.abc.net.au/news/rural/2017-09-25/vch-fonterra-bids-for-mg/8984108
China Dairy Corporation Limited, Looking for Australian acquisitions. The article is old news but they recently announced yesterday, China Dairy Corporation: Progressively Evolves into the Whole
Industry Chain Model with a New Type of Children’s Liquid Milk is Being Established. (recent ASX report)
http://www.smh.com.au/business/asxb...r-onechild-policy-revamp-20151101-gkoe9u.html
As for the milk sector in general, BUB is at a low share cap and can easily be in a target for these so called overseas big companies and chinese investors, we cant rule out anything at this stage. The milk sector is liquid gold, as much as A2M and Bellamy has done well, BUB being new to the game and somewhat up and running, for a small player with good connections in china, its cant be ruled out. It makes me wonder when BUB announced that at the height of their share price, they announced denied take over rumour based on a investor forum website, something from us on Hotcopper never mentioned, so I am starting to think does BUB know something we don't about a take over that we don't? For now if you would think that for a takeover BAL and A2M would be top dollar to pay, it would make sense to look at BUB being on a smaller scale entry price. My thoughts for the day
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $111.5M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 12.0¢ | $303.2K | 2.424M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 87360 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 1368504 | 33 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 87360 | 0.125 |
51 | 1661394 | 0.120 |
60 | 2656265 | 0.115 |
47 | 2192803 | 0.110 |
15 | 1440756 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 1368504 | 33 |
0.135 | 1324597 | 24 |
0.140 | 969903 | 24 |
0.145 | 1723822 | 13 |
0.150 | 797813 | 25 |
Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
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