Because book value and market value differ.
Without a superior offer LDC is discovering the market value. If post-purchase they can extract book value or more from the assets then those are their spoils.
Also you'd probably have to halve the NTA if NAM was truly going to liquidate. But on the other hand the $0.71 figure is a bit higher now, but even if it's $0.80 that takes liquidation value down to $0.40.
I get what you mean but without another offer...
Ann: Namoi receives non-binding indicative offer from LDC, page-6
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NAM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
66.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $136.5M | |||
| Open | High | Low | Value | Volume |
| 66.5¢ | 66.5¢ | 66.5¢ | $3.402K | 5.116K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 66.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.5¢ | 10000 | 1 |
View Market Depth
| Last trade - 12.53pm 28/06/2024 (20 minute delay) ? |
| NAM (ASX) Chart |