it depends what you call peanuts.
if market thought it was a steal i.e. RIO paid half of what it is worth, they they would have made the equivalent of a $6B gain (buying for 6.7B an asset worth $13B) , $6B of instant value on a $100B MC is 6% increase in share price
if i use your $45B MC (which I am not sure it is correct) 6/45 would be a 13% gain.
with RIO share going down, the market thinks they paid what they should have (risk adjusted)
i am not saying the market is right, i am saying it is what the price at US pre market says.
P.S.
DYOR
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$8.14 |
Change
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Mkt cap ! $2.384B |
Open | High | Low | Value | Volume |
$8.13 | $8.17 | $8.12 | $13.98M | 1.717M |
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No. | Vol. | Price($) |
---|---|---|
1 | 1226 | $8.14 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 353259 | 8.130 |
2 | 2603 | 8.120 |
2 | 43000 | 8.110 |
1 | 7500 | 8.100 |
Price($) | Vol. | No. |
---|---|---|
8.160 | 4742 | 2 |
8.170 | 32085 | 3 |
8.180 | 10350 | 3 |
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