How do you put a value in the demerged new co? The market decides the MC, however, there's no trading thus no price tag.
I reckon the demerge will come with a M&A for the uranium business. Let's say $0.8 a share and shareholders still hold shares in the demerged assets.
The SP is manipulated and suppressed for the takeover, to make the offer look like a bigger premium.
Ann: Toro to demerge Non-Core Assets, page-68
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Last
43.5¢ |
Change
0.020(4.82%) |
Mkt cap ! $52.32M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 43.5¢ | 41.0¢ | $88.77K | 211.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23809 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 7999 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
42.5¢ |
Change
0.020 ( 2.41 %) |
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| Open | High | Low | Volume | ||
| 41.5¢ | 42.5¢ | 41.5¢ | 44707 | ||
| Last updated 15.47pm 17/05/2024 ? | |||||
| TOE (ASX) Chart |