Okay, I still have a few shares, bottom drawer. Just trying to work this one out. Noticed the 148,900% winner just then like everyone else
So. the asset manager has been carved out of CTN portfolio and sold off through a staff buy out.
The new entity has 42 million shares, price was $1.49 just then, on its first day. My fat finger calculator says thats a $63m market cap
CTN held the fund manager asset on its books at around $10m, and sold it for $13m
What am I missing here?
How does something valued by the staff at $10m be sold to the staff at $13m and trade at $63m on its first day?
I am not suggesting anything improper here. I'm just trying to reconcile the difference
The new company raised 28.6m shares at $0.60 to fund the buy out = $17m
They then paid $13m for the manager leaves $4m less costs
I am missing something here aren't I
- Forums
- ASX - By Stock
- NSC
- Sold for $13m- now trading at $63m...what am I missing?
Sold for $13m- now trading at $63m...what am I missing?
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NSC (ASX) to my watchlist
|
|||||
Last
47.0¢ |
Change
-0.010(2.08%) |
Mkt cap ! $63.38M |
Open | High | Low | Value | Volume |
47.0¢ | 48.5¢ | 47.0¢ | $77.01K | 161.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32000 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 9536 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 42396 | 0.480 |
4 | 80388 | 0.470 |
3 | 15440 | 0.465 |
4 | 152252 | 0.460 |
1 | 25000 | 0.455 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 9536 | 1 |
0.495 | 9670 | 1 |
0.500 | 67000 | 1 |
0.505 | 20000 | 1 |
0.510 | 8000 | 1 |
Last trade - 14.04pm 28/08/2024 (20 minute delay) ? |
Featured News
NSC (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online