The same theory should apply to SDL as well, yet its share price is now exceeding the proposed offer. The market must think another bidder will enter the contest.
But I do agree that if the market stablises the share price may start to move up a little.
why is share price so low?, page-21
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Last
$3.20 |
Change
-0.070(2.14%) |
Mkt cap ! $563.5M | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.27 | $3.11 | $1.899M | 593.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $3.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.22 | 3471 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| BMN (ASX) Chart |