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
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $462.0M |
Open | High | Low | Value | Volume |
17.5¢ | 17.5¢ | 16.5¢ | $718.6K | 4.213M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 137517 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 594013 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 137517 | 0.170 |
19 | 1115084 | 0.165 |
8 | 712880 | 0.160 |
1 | 322580 | 0.155 |
5 | 429840 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 594013 | 5 |
0.180 | 329999 | 4 |
0.185 | 307049 | 5 |
0.190 | 318837 | 7 |
0.195 | 379411 | 3 |
Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
Featured News
COE (ASX) Chart |