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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1.71%
!
$1.72

You're looking at it in the wrong way imo. Before the...
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Last
$1.72 |
Change
-0.030(1.71%) |
Mkt cap ! $290.5M |
Open | High | Low | Value | Volume |
$1.75 | $1.75 | $1.71 | $18.31K | 10.61K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 2488 | $1.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.74 | 1545 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 2488 | 1.710 |
2 | 6085 | 1.700 |
1 | 180 | 1.695 |
2 | 133 | 1.685 |
3 | 3915 | 1.680 |
Price($) | Vol. | No. |
---|---|---|
1.735 | 1545 | 1 |
1.740 | 1000 | 1 |
1.745 | 5206 | 1 |
1.750 | 4924 | 1 |
1.755 | 1600 | 2 |
Last trade - 10.30am 02/07/2025 (20 minute delay) ? |
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AFT PHARMACEUTICALS LIMITED
Dr. Hartley Atkinson, MD
Dr. Hartley Atkinson
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