Taken from a US chat forum:-""The pros : ALTM is a profitable company , demand for Li is ever increasing and not just for EVs,
it has valuable developed assets in friendly countries ,has a Book Value US$5.83 meaning 5.83X1.08 billion shares=Equity US$ 6.3 bil . Since ALTM is seriously undervalued in a buyout should get a premium of at least 20% over BV , meaning an offer of 5.83X1.20= US$7 minimum .
The cons : ALTM is a single commodity company , medium size, but lately with a negative free cash flow of US$ -0.713 bil (ttm) (Yahoo shows -0.532 bil) due to asset expansion mostly . However , its Debt/Equity ratio is very low (0.688 Bil Debt/6.3 bil Equity=0.11) due to good capital management .
Conclusion : RIO or any other deep-pocketed suitor will be more than happy to diversify paying US$7/sh for a profitable , low-debt miner at a Price/BV of 1.20 ."
Bid speculation about Arcadium in The Australian, see link, page-162
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Last
$8.05 |
Change
-0.170(2.07%) |
Mkt cap ! $2.358B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.16 | $8.02 | $10.01M | 1.240M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 148 | $8.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.09 | 1496 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LTM (ASX) Chart |