Wow!. Market cap of SMP was about $A33m to $A35m mid November - today sold NZ business for $NZ70m or over $A60m or nearly double what the entire market cap was about 2 weeks ago plus retains Australian business which is going gangbusters. Talk about an undervalued company wow! Cash distribution will be $NZ0.20 after sale completed which is not much more than the share price was two weeks ago. .
So how much is the Australian part of the company worth? Given how it is growing it would need to be worth at least the size of the NZ business or $A0.40!
Ann: Sale of NZ business and assets, page-2
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Last
$1.14 |
Change
-0.015(1.30%) |
Mkt cap ! $273.5M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.15 | $1.13 | $20.50K | 18.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3100 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 8322 | 1 |
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| Last trade - 13.57pm 24/07/2024 (20 minute delay) ? |
| SMP (ASX) Chart |