hi,
EKA shareprice should track the AUT shareprice as both are in same area.
EKA has 1468 net acres while AUT has 15600 net acres
EKA has exactly half the number of shares of AUT (post raising)
So based on today's AUT closing price of 206 cents, EKA's shareprice should be
= 204 * 1468 * 2 / 15600 = approx 38.8 cents
This calculation totally ignores EKA's other holdings of 900 acres (not in sugarcane).
The areas are same, the cash on balance sheet ratio is same (EKA has approx $8.5 Million compared to AUT having $90 Million)
EKA's shareprice will rise soon (I think)
- Forums
- ASX - By Stock
- EKA
- Ann: Change of Director's Interest Notice
Ann: Change of Director's Interest Notice , page-10
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EKA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online