I'm looking to buy into WEB, but with the CR now live, I suspect I'll need to sit on my hands for a few weeks.
The offer is pitched at $5.60/sh, a reasonable discount to even today's closing price of $7.09. This suggests there may be an opportunity for shareholders to "stag" their new acquisition, possibly leading to price weakness. Without wishing ill to the existing shareholders, this may emerge as a buying opportunity.
Conversely, if the new acquisition is very value accretive, today may be the cheapest they will be in a while!
I'm looking to buy into WEB, but with the CR now live, I suspect...
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Last
$9.20 |
Change
0.260(2.91%) |
Mkt cap ! $3.595B | |||
| Open | High | Low | Value | Volume |
| $8.94 | $9.20 | $8.90 | $12.65M | 1.392M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3792 | $9.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.20 | 22060 | 14 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| WEB (ASX) Chart |