Hey Resourceful if you wanna make money out of the situation you Buy both PMN and SUN:
Scenario 1:
Deal falls over PMN shares tank but you win cause SUN will rocket and PMN will recover once they next predator lines up.
Scenario 2:
Deal goes ahead...you end up with $1.80 in the claw and a whole lot of cheap SUN shares.
Scenario 3:
Third partly makes a play...whoever they target you got it covered.
And lets not forget SUN is trading at a PE of 12.36
Compare that with other COYs in the sector.
wow harsh reaction to merger, page-6
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Last
$18.65 |
Change
-0.040(0.21%) |
Mkt cap ! $23.72B | |||
| Open | High | Low | Value | Volume |
| $18.62 | $18.73 | $18.52 | $24.63M | 1.322M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7486 | $18.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.65 | 5839 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SUN (ASX) Chart |