You're looking at it in the wrong way imo. Before the announcement, the stock was trading at 80c for a AUD$130 million market cap. It has added 50% since the announcement or AUD$66 million. So where you say that 2/3 of the current market cap (AUD$126 million) is linked to the most recent news, the market only assigns 1/3 of the market cap to the news (AUD$66 million).
I do however agree that the deal is worth more than the AUD$66 million added in market cap as it completely derisks the story and it now presents a low risk way to play the Alzheimer story as it will benefit from ongoing clinical research / trials, ALZ commercialization, etc.
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CGS
cogstate ltd
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2.86%
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$1.70

You're looking at it in the wrong way imo. Before the...
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Last
$1.70 |
Change
-0.050(2.86%) |
Mkt cap ! $288.8M |
Open | High | Low | Value | Volume |
$1.75 | $1.75 | $1.70 | $69.18K | 40.43K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3915 | $1.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.70 | 7628 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3915 | 1.680 |
3 | 32060 | 1.650 |
1 | 606 | 1.640 |
6 | 9199 | 1.600 |
1 | 5177 | 1.575 |
Price($) | Vol. | No. |
---|---|---|
1.700 | 7628 | 1 |
1.740 | 1000 | 1 |
1.750 | 4924 | 1 |
1.755 | 1420 | 1 |
1.790 | 1789 | 1 |
Last trade - 16.10pm 02/07/2025 (20 minute delay) ? |
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