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
62.3¢ |
Change
-0.028(4.23%) |
Mkt cap ! $148.7M |
Open | High | Low | Value | Volume |
64.0¢ | 64.0¢ | 62.0¢ | $233.3K | 371.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 23529 | 62.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
62.5¢ | 19647 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 23529 | 0.620 |
7 | 101853 | 0.615 |
6 | 74050 | 0.610 |
2 | 33300 | 0.605 |
8 | 57068 | 0.600 |
Price($) | Vol. | No. |
---|---|---|
0.625 | 19647 | 6 |
0.630 | 11406 | 4 |
0.635 | 19352 | 6 |
0.640 | 2733 | 2 |
0.645 | 1345 | 2 |
Last trade - 15.05pm 24/06/2024 (20 minute delay) ? |
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SXL (ASX) Chart |