Misleading.
Of course any valuation of the IP would impact the SP...not necessarily the day to day trading price but imagine if BP came knocking with a TO price of 20 cents per share and we have an IP valuation of $2/share.....you gonna sell. it also allows share owners to understand the potential value of their shareholdings so therefore less willing to sell at the current SP leading to a rise in the SP
Think of selling your house and you have a valuation 20% higher than what similar houses have sold for. Are you going to put the property on the market knowing the market will buy it at a 20% discount to the valuation. Unless you are desperate smart owners will hold and use the professional valuation as a marketing tool for the higher price.....just as PAA should.
A valuation avoids the potential for PAA to be sold dirt cheap to a BP crocodile. It will also influence the sales attitudes/pricing requirements of current holders. To say a reputable valuation will value PAA at its current SP is misleading and ignores the various rigorous valuation methodologies in favour of the simplistic current SP.
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Misleading. Of course any valuation of the IP would impact the...
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $97.32M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.5¢ | $30.4K | 155K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 444473 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 80000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 444473 | 0.190 |
11 | 198716 | 0.185 |
9 | 628662 | 0.180 |
10 | 482365 | 0.175 |
8 | 151233 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 80000 | 2 |
0.200 | 254389 | 3 |
0.205 | 113756 | 6 |
0.210 | 308355 | 7 |
0.215 | 273820 | 8 |
Last trade - 11.39am 03/10/2024 (20 minute delay) ? |
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PAA (ASX) Chart |