It could definitely trade at current levels. Usually the discount a stock trades to an asset sale or partial takeover would imply the probability of an event happening, but in this case there is also the mammoth cashburn to consider., That means the probability of a deal also needs to consider the cash burn prior to a deal eventuating. How it traded in the $1.10s, no one really thought the plan was to divest from US, so the burn would have been continuous.
$2 party, page-174
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 (20min delay)
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Last
88.5¢ |
Change
0.050(5.99%) |
Mkt cap ! $293.2M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 89.8¢ | 82.5¢ | $1.601M | 1.846M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14669 | 87.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 320 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PBH (ASX) Chart |