To be brutally honest, I'm a bit confused with what's going on.
Usually my experience is companies trade very close to the T/O price, i.e. around $6.50.
As a result, give we are around half way between the prior price of $5 and $6.50 that seems to indicate the market is only pricing in a 50% chance of the T/O being successful and a 0% chance of another suitor coming in with a higher bid.
I wonder if this is a bit pessimistic, it seems the offer is being seriously entertained? If I'm feeling reckless tomorrow I may buy some more!
To be brutally honest, I'm a bit confused with what's going on....
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 (20min delay)
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Last
$7.02 |
Change
0.180(2.63%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $7.03 | $6.91 | $81.59M | 11.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 125302 | $7.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 766 | 1 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |