Interesting. That might also explain today's rise in the SP a bit.
The Australian also concludes that "Ausdrill has been waiting for its share price to increase so that a merger with Barminco makes sense. Its market value has grown to $780m. Shares traded at 21c in 2015 but yesterday they closed at $2.16. At that level, a tie-up may make sense."
We'll have to wait to see how this plays out, but we knew something had to be waiting in the wings and this may well be it.
Ausdrill eyeing take over Barmico, page-2
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Last
93.0¢ |
Change
0.015(1.64%) |
Mkt cap ! $131.5M | |||
| Open | High | Low | Value | Volume |
| 94.0¢ | 98.0¢ | 92.0¢ | $793.6K | 843.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8629 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.5¢ | 4820 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ASL (ASX) Chart |
