Caliente
Black Gold!
- Joined
- 30 May 2005
- Posts
- 492
- Reactions
- 0
Nice buildup from EVE today.
Its almost inevitable that AFR will launch at a premium - the real question is how positively this will affect EVE.
I'm hypothesising a 30-40% (conservative) premium from AFR that will translate to about 15-20% for EVE shareholders.
In that case, EVE may break 50 cents tomorrow.
If AFR open up 30-40%, EVE will get belted.
Looks like it is going to open at 80 cents and my market depth calc looks like averaging 77 cents for the morning trade. On the basis of market depth now. Could even go to $1. So at 80 cents is a 100% increase on issue price, we should see EVE lifting today once AFR opens.
Kind reg
ang
Entirely your decision, that is trading I suppose. I cant see the value in the stock above 80 cents, however the market might.
ang
Just checked AFR asx code and look what I got :
East African Coffee Plantations Limited (AFR)
(Trading Status: PRE_OPEN)
As at 18/04/2007 11:50:54 AM
Real-Time
Last Trade 0.000 Bid 0.850 Offer 0.800
Can't believe it !!
AFR $1 but EVE hardly make any movements ?????
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?