Wednesday 47,544,000 traded at vwap 1.0256
Thursday 8,425,000 traded at vwap 1.06310
Friday 119,684,000 traded at vwap $1.2233
Total shares traded 175,653,000. This constitute 20.47% of market float.. at 3 days vwap average of $1.1621.
If there's any possibility of M&A at premium of 20%, target maybe around $1.3945 ? just my guess and wild assumption. (IMO I think will be significantly lower due to high debt gearing..)
(Updated)
Thursday 8,425,000 traded at vwap 1.06310
Friday 119,684,000 traded at vwap $1.2233
Total shares traded 175,653,000. This constitute 20.47% of market float.. at 3 days vwap average of $1.1621.
If there's any possibility of M&A at premium of 20%, target maybe around $1.3945 ? just my guess and wild assumption. (IMO I think will be significantly lower due to high debt gearing..)
(Updated)