It was trading around 3.90 before the release.
A $0.50 drop times 1840million shares equates to a drop of $920 Million.
Basically the market is assuming that this acquisition just incinerated nearly 1 billion worth of value.
I think the play here is to buy, and wait for the demerger, where the demerged business should be worth around near $1 billion. AND the share price will go back up as that "dirty east coast coal" is now out of the mix.
It's a win win situation if you are patient.
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Last
$3.50 |
Change
0.030(0.86%) |
Mkt cap ! $6.451B |
Open | High | Low | Value | Volume |
$3.46 | $3.52 | $3.46 | $18.89M | 5.397M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 213 | $3.85 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.15 | 52452 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1831 | 3.690 |
10 | 202049 | 3.670 |
5 | 22771 | 3.640 |
6 | 51047 | 3.620 |
9 | 201689 | 3.600 |
Price($) | Vol. | No. |
---|---|---|
3.150 | 6315 | 1 |
3.330 | 10927 | 8 |
3.400 | 4801 | 6 |
3.410 | 6746 | 4 |
3.470 | 186 | 1 |
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