FWIW - we now have a pretty clear precedent from initial announcement to "firm announcement" - a little over 3.5 months. That is to say in March EOS announced the $150-170mln deal, and this week they confirmed the deal was done... While this isn't a predictive tool, it does give a reasonable timetable which seems to fit the complexities of this kind of deal. I did, however, figure the $170mln deal was already priced in.
I think we're going to see a uptick today (although it's Friday, so Friday selling on the market could send things lower), but over the next month I can see the price drifting down again, with somewhere around say $2.90 being the likely floor price.
Long term, don't buy on margin just yet Usual disclaimers apply - speak to your pro, do your own research, remember markets are long term animals - not get rich quick schemes, consider your circumstances etc.
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Last
$1.32 |
Change
0.020(1.54%) |
Mkt cap ! $271.0M |
Open | High | Low | Value | Volume |
$1.30 | $1.32 | $1.27 | $505.1K | 390.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 4829 | $1.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.32 | 1691 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1467 | 2.820 |
1 | 5357 | 2.800 |
2 | 150 | 2.780 |
1 | 3000 | 2.770 |
1 | 555 | 2.700 |
Price($) | Vol. | No. |
---|---|---|
2.850 | 5000 | 1 |
2.890 | 3300 | 2 |
2.900 | 65000 | 2 |
2.930 | 2000 | 1 |
2.940 | 3100 | 2 |
Last trade - 13.38pm 08/11/2024 (20 minute delay) ? |
EOS (ASX) Chart |