"They couldn't get rid of the asset any other way"
Are you suggesting SOC could not sell the asset for more than the $500K of scrip they are to receive through the IPO ? In that case, why would punters pay a $12M market cap on listing for it ...
I believe sunk costs would be $M+ easily on this, so they've effectively taken a 50% haircut just IPO'ing, perhaps much more - again happy to be corrected
SOC would have been better selling this for cash and writing it off
- Forums
- ASX - By Stock
- SOC
- Ann: Trading Halt
Ann: Trading Halt, page-29
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SOC (ASX) to my watchlist
(20min delay)
|
|||||
Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.30M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.115 |
2 | 87271 | 0.110 |
2 | 94800 | 0.100 |
1 | 150000 | 0.097 |
1 | 21052 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 100000 | 1 |
0.170 | 59840 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 16.12pm 19/07/2024 (20 minute delay) ? |
Featured News
SOC (ASX) Chart |
Day chart unavailable