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
31.0¢ |
Change
-0.010(3.13%) |
Mkt cap ! $37.28M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.5¢ | 31.0¢ | $79.03K | 253.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39857 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 41308 | 2 |
View Market Depth
| Last trade - 13.48pm 14/06/2024 (20 minute delay) ? |
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Last
31.0¢ |
Change
-0.010 ( 4.00 %) |
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| Open | High | Low | Volume | ||
| 32.0¢ | 32.5¢ | 31.0¢ | 55992 | ||
| Last updated 13.04pm 14/06/2024 ? | |||||
| TOE (ASX) Chart |