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I'll answer my own question and see what the brains trust...

  1. Whiplashed
    231 Posts.
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    10/07/24
    15:20
    Post #: 74692428
    I'll answer my own question and see what the brains trust thinks:

    BPH owns 35.8% of Advent. Let's assume its market cap ($22.95m) is 100% attributed to its exposure to Advent.
    MEC owns 38.27% of Advent. Ignoring the value of the tax-free status and its present non-tradeability, its pro-rata value should be $24.53m.

    MEC has 809,163,335 shares on issue. Therefore its share price "should" be 3.03 cents.

    @MrIncognito would you pay 3 cents a share?
    MMR Price at posting: 0.4¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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