At face value this looks like a pretty shitty deal for long term holders of CGR.
Values business at 51c including div of 3c way too low.
CGR currently trades at PE of around 10 & COG a PE of around 20.
Seems to me I'm swapping shares in a grossly undervalued company to one that is grossly overvalued.
Asking for more money adds insult to injury. Pay out a div then raise more money?
Anyone else have any thoughts?
Ann: Consolidated Operations Group and CML Group-Merger of Equals, page-2
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Mkt cap ! $49.22M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 17.0¢ | $5.95K | 35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 254606 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 202185 | 1 |
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| Last trade - 11.20am 14/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 17.0¢ | 17.0¢ | 17.0¢ | 21050 | ||
| Last updated 14.59pm 14/06/2024 ? | |||||
| EPY (ASX) Chart |