I would estimate the NTA of combined entities to be around $2.74AUD at end of October.
The selling would be a combo of traders making a quick buck on the merge and TGG holders wanting to exit. I doubt that WAR would exit their position at this point as WGB is trading at a discount to NTA and there is a 5c dividend payment & 2c franking credit to be had so makes no sense for investors to be sellers (unless your worried about risk of high level of market). WAR mandate would be to not buy on market but definitely not to sell existing at a discount.
Happy to hold for the moment and follow investment performance and overall market sentiment.
I would estimate the NTA of combined entities to be around...
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Last
$2.24 |
Change
0.040(1.82%) |
Mkt cap ! $795.7M | |||
| Open | High | Low | Value | Volume |
| $2.20 | $2.25 | $2.20 | $452.3K | 203.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55925 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.24 | 2291 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| WGB (ASX) Chart |