ALK 2.88% 50.5¢ alkane resources limited

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

  1. 7,563 Posts.
    lightbulb Created with Sketch. 2077
    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.
 
watchlist Created with Sketch. Add ALK (ASX) to my watchlist
(20min delay)
Last
50.5¢
Change
-0.015(2.88%)
Mkt cap ! $304.7M
Open High Low Value Volume
51.0¢ 51.8¢ 50.5¢ $355.8K 698.3K

Buyers (Bids)

No. Vol. Price($)
5 74764 50.5¢
 

Sellers (Offers)

Price($) Vol. No.
51.0¢ 125188 4
View Market Depth
Last trade - 16.10pm 23/07/2024 (20 minute delay) ?
ALK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.