For what it is worth .................................
NEU has around 130m shares issued; DXB has about 430m or 3.31x as many.
NEU market cap about $3.15bn with the shares trading around $25. Should DXB ever be valued at that level then the SP at that time may be estimated by dividing $25 by 3.31 to derive a price around $7.50.
How far away is 'ever'? Well the NEU SP was around $1- in March 2020 and it had reached $1.80 by end Nov 2021. Its march upwards since then has been marked by 3 near vertical strong uplifts to the present $25.
These two companies are not identical by any means and lots can change in a short time!
DXB Chart, page-538
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Last
58.0¢ |
Change
0.025(4.50%) |
Mkt cap ! $318.8M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 59.5¢ | 56.5¢ | $634.8K | 1.092M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 17355 | 4 |
View Market Depth
| Last trade - 11.07am 20/06/2024 (20 minute delay) ? |
| DXB (ASX) Chart |