Actually, for the sake of the argument, if you look at their share price target (although CTP share price targets have been about as substantial as fairy dust) they added 4c, or just under 10% of the current share price.
If their assessment was consistent with your opinion, they would have lowered their target price.
It makes perfect sense for CTP to have a director appointed who knows the assets they are acquiring well, in fact IMO it would be negligent not to access this resource. If Magellan want to buy another 9.9% of CTP and push our share price up, as a holder I don't mind at all. I think maybe one of the posters here might notice before they replace the board.
Macquarie Bank is fairly likely to convert their 15 million options at 50c too, maybe they will want to take over CTP in the next 30 months, wouldn't it be nice to have an STO/TOTAL/MACQUARIE?MAGELLAN 4 way acquisition bunfight! (Dreams are free, as they say). I'd be happy with a PL announcement next week.
the new impediment of ctp to a full takeover, page-11
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $39.49M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $83.26K | 1.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 234750 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 340510 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |