Islay, I see that the $29,700/place is from info in the 12 Nov acquisition announcement ($29.7M price to acquire 1,000 places). The Affinity info would be its market cap at Anchorage's offer price divided by the number of places.
The difference shows why GEM was keen to acquire Affinity -- the market seriously undervalued the company in spite of some possible flaws in those assets. I recall that Affinity was acquired for much less than its IPO price. To put this in further perspective, at GEM's current market cap ($1,305M), the market values each place at almost $36k.
Islay, I see that the $29,700/place is from info in the 12 Nov...
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Last
$1.17 |
Change
0.010(0.86%) |
Mkt cap ! $902.7M | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.17 | $1.15 | $4.420M | 3.783M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 149521 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 100276 | 6 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| GEM (ASX) Chart |