Whilst I agree with much that's been said on this thread we need to consider the demerger. As of today, the combined MC of ALK and ASM is around $1060 million, of which $485 million is contributed by ASM.
Who would have thought 5 months ago that the Dubbo project was worth potentially half of ALK's MC back in July '20 - and this was distributed to ALK s'holders at no cost. The steady slide in ALK's sp is reflecting the fact we are now a smaller company. The slide has probably been overdone (as markets do) and a correction is overdue.
imo this couldn't have been avoided - valuing a non-existent company was well nigh impossible - it's tough enough valuing an existing business.
Regards...
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $293.4M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 50.0¢ | 48.0¢ | $300.9K | 619.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76062 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 58084 | 3 |
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| Last trade - 15.59pm 13/11/2024 (20 minute delay) ? |
| ALK (ASX) Chart |