Hi Tim - the maths is pretty simple: when you buy a BKW share you get 0.63 SOL shares. Right now, those 0.63 shares are worth $13.93. BKW is $17.93. This means BKW's other (non-SOL) assets are being valued by the market at $4, or 22% of the value of a BKW share.
Per BKW's own books, the value of these non-SOL assets makes up around 44% of the company.
So on this basis, you are getting the Building Products Division and Property Trust assets at a 50% discount.
Time was you could get these assets at negative cost, but BKW is head and shoulders still the better buy.
why the drop- 4%, page-17
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Last
$33.50 |
Change
0.030(0.09%) |
Mkt cap ! $12.09B | |||
| Open | High | Low | Value | Volume |
| $33.45 | $33.60 | $33.32 | $5.706M | 170.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 801 | $33.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.51 | 1 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SOL (ASX) Chart |