29.6c is an unquestionable value, but whose to say .087 ARN Newco shares can account for the rest? The ARN SP would need to hold up a 77c value if SXL shareholders were to break even.
Their 87% conversion of SXL shares would increase A1N shares on issue from 313m to 522m. Based on the latter, market cap would need to be $402m, from the current $255m~ for the SP to land on 77c.
There are no guarantees that the market cap will increase in-line with the value of acquired assets. Case in point: HT&E (A1N) aquires Grant Broadcasters in Nov 2021 for $307m. The HT&E SP was roughly $2, market cap roughly $550m.
IMO, if you believe the SXL SP cannot improve beyond what it is right now, then the best value you could extract is if you sold right now.
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Last
58.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $139.7M |
Open | High | Low | Value | Volume |
57.5¢ | 58.5¢ | 57.5¢ | $121.5K | 209.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 109236 | 58.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
59.0¢ | 280 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 109236 | 0.580 |
6 | 203215 | 0.575 |
5 | 38555 | 0.570 |
1 | 2000 | 0.565 |
3 | 11873 | 0.560 |
Price($) | Vol. | No. |
---|---|---|
0.590 | 280 | 1 |
0.595 | 550 | 1 |
0.605 | 2584 | 1 |
0.610 | 45000 | 1 |
0.615 | 8430 | 1 |
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