Newcastle asset purchase
Pay $4.2 mill
forecast Profit $1 mill/yr
At $350 mill MC,
share price MC up by $20 million on open (for cost outlay of $4.2 mill and potential $1m/yr)
trades like a spec, but MC value is pumped to mid tier valuation.
Why? Makes no sense.
Ann: Swoop FY21 Results, page-38
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Change
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Mkt cap ! $42.68M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.5¢ | $13.49K | 67.60K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9152 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 24966 | 1 |
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