Jesimore,If you check back COE's fall to 23c was at a time when they first gave an unconditional agreement to give back 50c +1.9 COE shares within a short time after 7Nov closing date while IPM shares traded around 80c.This can be broken down to 50c + 30c divided 1.9 COE shares.Buying IPM shares gave you opportunity to pick up COE shares for under 16c.No wonder COE shares fell.Even now with IPM available at $1.06 you can swap that for 50c+ 56c divided by 1.9= 29.5c/COE share which is a discount to buying COE shares on market.Once this ends on Friday COE will once again be trading on its merits.Expect a bounce limited of course by what the overall market is doing.Remember COE directors saw buying IPM shares as more of a bargain than buying their own shares,now that they have 20%+ of them it is worth more to them than spending the equivalent amount mopping up their own shares or they got it wrong.Just think what buying $20m+ worth of COE shares on market now would do to its SP and you get an idea of how cheap they are at present.
- Forums
- ASX - By Stock
- COE
- whats the story
whats the story, page-7
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add COE (ASX) to my watchlist
(20min delay)
|
|||||
Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $567.6M |
Open | High | Low | Value | Volume |
21.5¢ | 22.0¢ | 21.5¢ | $272.0K | 1.242M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 457152 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 17446 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 457152 | 0.215 |
9 | 1031608 | 0.210 |
16 | 946786 | 0.205 |
25 | 1047825 | 0.200 |
8 | 483466 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 17446 | 8 |
0.225 | 763921 | 10 |
0.230 | 1597534 | 10 |
0.235 | 738185 | 14 |
0.240 | 3059045 | 26 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
COE (ASX) Chart |