You probably want to read the barefoot investors books if you don't understand.
A $400 million script offer means ARR shareholders will receive equity to the value of USD400 million and listing in the US market.
The current market cap is less than AUD200 million - so not hard to see why it gets rerated.
Ann: Updated Announcement - Non-Binding Proposal, page-43
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Last
29.0¢ |
Change
0.005(1.75%) |
Mkt cap ! $143.0M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 30.0¢ | 28.0¢ | $127.4K | 435.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 145437 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 232231 | 5 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ARR (ASX) Chart |