POL has had 25% stake in NTU. NTU recently came across an agreement with NTU, and as a result their market cap doubled from 10M to over 20M over the last week. Furthermore, NTU is showing no signs of weakness.
While we are all sleeping POL is benefitting from this with (a diluted 21.9%) stake in NTU. IMHO this means a few million bucks in the coffers of POL (although just on paper).
I would have expected POL to jump by at least 10% to reflect this. I have noticed some quiet accumulation happening (and I've participated in this myself).
Is there anybody out there?
25 pc stake in ntu
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Last
30.0¢ |
Change
0.025(9.09%) |
Mkt cap ! $56.02M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 30.0¢ | 28.0¢ | $109.7K | 374.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22585 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 4185 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| POL (ASX) Chart |