I'm a Suncorp holder primarily via Promina. It got me thinking the other day.
PMN was bought for $7.9B.
The banking business received an offer of around $3.5B last year.
The pre-Promina insurance holdings (e.g. GIO) and Wealth division have no recent reference point.
The current market cap of SUN is about $4.6B.
How would you break this up?
Ok old Promina, maybe $5B assuming a 35% over-payment.
Bank bit maybe $2.5B assuming a 28% over-offer.
Pre-Promina insurance, hand in the air $1B, same again for wealth.
What division is worth -$4B?
I'm a Suncorp holder primarily via Promina. It got me thinking...
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$18.01 |
Change
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Mkt cap ! $22.91B | |||
| Open | High | Low | Value | Volume |
| $17.98 | $18.16 | $17.86 | $22.59M | 1.254M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6790 | $17.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.02 | 5500 | 1 |
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| SUN (ASX) Chart |