Hi there
suggest you also need to take into account MMRs holding in BPH - looks like about 28.44%. So 28.44% of 23.307% is another 6.62% effective interest in Advent held by MMR as a result of its holding in BPH.
So MMR holds directly and indirectly 50.06% of PEP 11 and BPH 23.307% (I havent checked your % below but am assuming they are about right) so has 2.14x more exposure to PEP11 than BPH, so should be 2.14x the current market cap of BPH of c $35m (assuming nil value for all other assets and no value for PDF status of MMR) or $75m ...however MMR is $126m value/market cap indicating a mispriced BPH (or MMR)!
Let me know if you disagree.
1 mmr=5 bph = market is crazy, page-10
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $21.69M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.8¢ | $7.725K | 429.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 8014263 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 2258717 | 10 |
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| Last trade - 10.18am 06/09/2024 (20 minute delay) ? |
| BPH (ASX) Chart |