Can someone help me out with COY please! I’m confused. Stock trading a bit discount to NPV. They get an offer for $13 million, reject it, now stock price is actually below where it opened yesterday at 4 cents. Market cap floating around the 6-6.5 million mark.
Having a quick look, they keep having to raise cash for day to day operations so that’s not ideal and perhaps administration costs are a bit high, but someone is getting this horribly wrong. Either the market is drastically undervaluing the company or the board has got it spectacularly wrong not accepting the offer.
Am I missing something????
Can someone help me out with COY please! I’m confused. Stock...
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.784M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 267668 | 1 |
View Market Depth
| Last trade - 07.56am 03/12/2024 (20 minute delay) ? |
| COY (ASX) Chart |
Day chart unavailable
