1.3 billion new shares. I repeat 1.3 billion new shares.
Those predicting 60c are valuing the business at 2 billion dollars. It was 1 billion when things were going well.
OK...maybe takeover...they have certainly been stripping down for past 12 months for that possibility but Rupert is not paying anywhere near where it was valued 12 months ago $900-950mil or 34c - 37c a share.
Maybe 500 - 550m would be seen as a good buy for News limited, other media or a hedge fund if they could. 16c - 18c.
Buying this company for 30c a share is akin to paying $5 for an "Icy cold can of Coke"
testing 20c soon, page-208
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Last
61.0¢ |
Change
-0.005(0.81%) |
Mkt cap ! $146.3M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 62.0¢ | 60.5¢ | $495.0K | 806.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10776 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 13339 | 2 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| SXL (ASX) Chart |