TAS/EDE relative values, page-876

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farmlife

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19/05/18

17:53

Post #: 33210523
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Originally posted by Zonnald ↑

I came over here as a none holder to discuss the T/E relative value. Trying to better understand. I may make assumptions which my sound negative or they are expressed poorly but bear with me.

Today the prices EDE 0.065 v Tas 0.051 as such here is a 0.014 gap between the two share prices.

Now EDE and TAS are both tracking the fortunes of EDE and Edencrete, in a vacuum that would mean that the should move in step. So as time goes on a net increase in share price will mean that as the 0.014 gap remains the same so the Relative Value decreases. Conversely as the price goes down and the 0.014 gap remains the same the Relative Value increases.

Given that the price gap would stay the same based on both company's share holders reacting similarly to news, what introduces a increase or decrease of that gap? Is it merely an overall different prospective on the news, is it the TAS only news - say on some of the resource side of the business? Or is it artificially impacted by the arbitrary decisions of those who trade on any particular day.

My opinion is that there is more of a phycological influence then a physical measurement.

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Still working this out myself. It is more a percentage difference than actual cents difference. The relative value I think happens in people thinking EDE or TAS is a better buy on the day. Just my thoughts.

TAS Price at posting: 5.1¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.5¢		Change 0.001(25.0%)		Mkt cap ! $4.026M

Open	High	Low	Value	Volume
0.4¢	0.5¢	0.4¢	$1.051K	262.4K

Buyers (Bids)

No.	Vol.	Price($)
1	221958	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	4785706	4

View Market Depth

No.	Vol.	Price($)
1	71571	0.040
1	16035	0.039
3	215789	0.038
1	200000	0.037
2	80000	0.036

Price($)	Vol.	No.
0.044	50000	1
0.045	127874	1
0.048	125145	2
0.052	27200	1
0.055	10000	1

Last trade - 15.55pm 15/11/2024 (20 minute delay)

TAS (ASX) Chart