ATL apollo tourism & leisure ltd

THL closed at NZ $2.60 ($2.42AUD) 1 ATL share = 3.68 THL shares...

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    THL closed at NZ $2.60 ($2.42AUD)
    1 ATL share = 3.68 THL shares after the merger.
    Therefore ATL = $0.66 as of today’s THL closing price.
    This implies ATL is currently 20% undervalued.
    Bargain.
 
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