ALK 4.76% 40.0¢ alkane resources limited

A 1 for 5 distribution to existing SHs implies a valuation for...

  1. 7,575 Posts.
    lightbulb Created with Sketch. 2084
    A 1 for 5 distribution to existing SHs implies a valuation for ASM of ~$80M.... Personally l can't see ALK losing 20% of its MC after the demerger... can see an initial drop in the SP of ASM when it lists but $20M in the bank and no debt should see it hold a decent price. All up a nice windfall for holders on it's way.... imo.
 
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Last
40.0¢
Change
-0.020(4.76%)
Mkt cap ! $241.3M
Open High Low Value Volume
42.0¢ 42.5¢ 39.0¢ $1.648M 4.097M

Buyers (Bids)

No. Vol. Price($)
6 60281 39.5¢
 

Sellers (Offers)

Price($) Vol. No.
40.0¢ 3 1
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Last trade - 16.10pm 26/08/2024 (20 minute delay) ?
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