look. is easiest to explain by way of an example. if a takeover was announced and succeeded at 50cents per share. then the denominator under (i) 97.5% of 50cents is 48.75cents or under (ii) is the 20 day vwap(lets guess 27cents) plus 50% of 50c minus 27 cents which is 38.5cents. so (ii) is the smaller denominator . which means you get more value..
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Last
$7.76 |
Change
0.030(0.39%) |
Mkt cap ! $1.481B | |||
| Open | High | Low | Value | Volume |
| $7.77 | $7.81 | $7.70 | $1.894M | 243.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 4359 | $7.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.76 | 3145 | 21 |
View Market Depth
| Last trade - 14.55pm 18/09/2025 (20 minute delay) ? |
| ELD (ASX) Chart |