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
-0.015(2.52%) |
Mkt cap ! $139.1M |
Open | High | Low | Value | Volume |
59.5¢ | 60.0¢ | 58.0¢ | $284.6K | 482.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 66074 | 58.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
59.5¢ | 31960 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 37534 | 0.580 |
1 | 85000 | 0.575 |
1 | 2500 | 0.570 |
1 | 2000 | 0.565 |
6 | 53954 | 0.550 |
Price($) | Vol. | No. |
---|---|---|
0.595 | 31960 | 1 |
0.615 | 1620 | 1 |
0.620 | 5546 | 2 |
0.630 | 32500 | 2 |
0.635 | 1550 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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SXL (ASX) Chart |