Okay, I still have a few shares, bottom drawer. Just trying to work this one out. Noticed the 148,900% winner just then like everyone else
So. the asset manager has been carved out of CTN portfolio and sold off through a staff buy out.
The new entity has 42 million shares, price was $1.49 just then, on its first day. My fat finger calculator says thats a $63m market cap
CTN held the fund manager asset on its books at around $10m, and sold it for $13m
What am I missing here?
How does something valued by the staff at $10m be sold to the staff at $13m and trade at $63m on its first day?
I am not suggesting anything improper here. I'm just trying to reconcile the difference
The new company raised 28.6m shares at $0.60 to fund the buy out = $17m
They then paid $13m for the manager leaves $4m less costs
I am missing something here aren't I
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- Sold for $13m- now trading at $63m...what am I missing?
Sold for $13m- now trading at $63m...what am I missing?
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Last
47.0¢ |
Change
-0.005(1.05%) |
Mkt cap ! $63.38M |
Open | High | Low | Value | Volume |
47.5¢ | 48.0¢ | 46.5¢ | $53.96K | 114.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2444 | 47.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
48.0¢ | 44210 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2444 | 0.475 |
1 | 9390 | 0.470 |
3 | 162000 | 0.465 |
5 | 139939 | 0.460 |
1 | 11000 | 0.455 |
Price($) | Vol. | No. |
---|---|---|
0.480 | 44210 | 1 |
0.495 | 20950 | 2 |
0.500 | 40000 | 1 |
0.515 | 12118 | 1 |
0.520 | 7500 | 1 |
Last trade - 15.39pm 04/10/2024 (20 minute delay) ? |
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NSC (ASX) Chart |