Not usually a business I would look to buy, but I think there is some value created by the arb traders which might be pushing ILU lower based on the idea that 100% of DRR value must be stripped out of the ILU valuation.
I tend to think that DRR has been "value added" by being stripped out as a pure play and is being bid up (fairly so) given the enticing yield and growth on offer.
So my due diligence suggests that ILU should have fallen by perhaps $3-4 today. The fact that DRR is trading higher than $3-4 to me suggests the premium that the market is willing to play for this asset.
Just my 2 cents and will see how it plays out over a few weeks. I'm just looking for a swing back to $6-6.50 levels.
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Last
$6.07 |
Change
-0.090(1.46%) |
Mkt cap ! $2.603B |
Open | High | Low | Value | Volume |
$6.08 | $6.15 | $6.04 | $12.47M | 2.059M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 130 | $6.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.08 | 3859 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 3039 | 6.070 |
10 | 9528 | 6.060 |
13 | 6038 | 6.050 |
14 | 32859 | 6.040 |
5 | 4274 | 6.030 |
Price($) | Vol. | No. |
---|---|---|
6.080 | 504 | 5 |
6.090 | 5420 | 15 |
6.100 | 7989 | 9 |
6.110 | 6081 | 11 |
6.120 | 20459 | 10 |
Last trade - 10.55am 02/09/2024 (20 minute delay) ? |
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