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Put simply whilst LNK owns a portion of PXA, PXA is it's own...

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Cryptonium

157 Posts.

5

13/09/22

15:34

Post #: 63674250
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Originally posted by bluehen: ↑

Dear members,

I am quite baffled and not able to get my head around why LNK price has declined by ~20% but PXA price is hovering around 15.45 and did not decline in proportion with the LNK price decline.

As LNK owns 42.8% PXA shares with approx valuation of 1.172 billion assuming PXA price 15.45, even if the LNK acquisition by Dye & Durham falls apart, wouldn't shareholders who enter at this price levels get good short term returns provided LNK ends up providing in-specie PXA distribution to shareholders?

If the acquisition goes ahead, there is a great potential upside, isn't it?

Am I being very naive in my thinking?

What are your thoughts?

Thanks,

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Put simply whilst LNK owns a portion of PXA, PXA is it's own listed entity, why would it decline in proportion to any LNK movement?

As for upside for sold-down LNK with potential TO's... well we've been playing that game for two years now with several dumps and suitors and dumps.

LNK Price at posting: $3.57 Sentiment: Buy Disclosure: Held
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