Can someone explain why the price has dropped 50% today? My understanding was that SBM was offloading Gwalia for a cash component and GMD shares to be issued on a 4:1 basis to SBM holders. Now, I understand those GMD shares have a certain value, and this roughly matches the drop in SBM today, but I guess I'm just not getting why SBM has dropped in value when they have been compensated for Gwalia?
Ann: Upcoming Record Date for entitlement to Genesis Share Distri, page-10
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Last
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $280.2M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.5¢ | 33.0¢ | $1.171M | 3.456M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 516671 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 349308 | 30 |
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| Last trade - 15.16pm 08/10/2024 (20 minute delay) ? |
| SBM (ASX) Chart |