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
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- Sold for $13m- now trading at $63m...what am I missing?
Sold for $13m- now trading at $63m...what am I missing?
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Last
47.5¢ |
Change
0.005(1.06%) |
Mkt cap ! $64.11M |
Open | High | Low | Value | Volume |
47.5¢ | 47.5¢ | 47.5¢ | $10 | 21 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10701 | 46.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.5¢ | 13080 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10701 | 0.465 |
4 | 126304 | 0.460 |
1 | 8500 | 0.455 |
4 | 81045 | 0.450 |
2 | 7959 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.475 | 13080 | 2 |
0.480 | 22050 | 2 |
0.485 | 50537 | 1 |
0.490 | 31025 | 2 |
0.495 | 4000 | 1 |
Last trade - 10.07am 25/07/2024 (20 minute delay) ? |
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