Can't comment to that.
And I make no market predictions in terms of how price movements will play out.
I am simply stating that NZO is more valuable than Cue. If Mr Aussie Market has valued Cue at AU$122M... then he should value NZO at at least that and probably more if he is behaving rationally.
What strategies participants may use to 'create a market' is way outside my circle of competence so I offer no thoughts on that.
So, what is a reasonable price?, page-14
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 (20min delay)
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Last
38.5¢ |
Change
0.020(5.48%) |
Mkt cap ! $86.22M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.5¢ | 36.0¢ | $13.29K | 35.54K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5929 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 11811 | 3 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| NZO (ASX) Chart |