When I woke up this week and saw that the Altium Limited (ASX: ALU) share price had jumped 25% in one day I was so disappointed. I wanted to buy some Altium shares because I noticed, surprisingly, that it hadn’t really budged since the beginning of the year.
The Altium Limited (ASX: ALU) share price is on the move after the company reiterated guidance at its annual general meeting (AGM).
Contrary to recent media reports, Altium Limited (ASX: ALU) advises the company has not received further takeover offers from Autodesk.
In the latest weekly episode of The Australian Investors Podcast hosts Owen Rask and 7Investing’s Dr Anirban Mahanti talk about two of the ASX’s highest profile takeovers in recent times: Altium Ltd’s (ASX: ALU) takeover proposal from AutoDesk Inc; and the Sydney Airport (ASX: SYD) offer from a private consortium of buyers.
Despite the market reacting positively to the Altium (ASX: ALU) trading update, there are three red flags investors should be mindful of.
The S&P/ASX 200 (ASX:XJO) finished down 0.1% on Monday, but the Altium Ltd (ASX:ALU) share price and Hansen Tech (ASX:HSN) share price are in focus.
Altium shares have been placed in trading halt just minutes before the share market opened pending a further market announcement.
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