I believe your explanation is very accurate. The SP of the new entity will be based on, basically, the $6.29 per share value of TPM. Based on that the Share Price has to be 20c for HTA. The other variable may be the issuance of new shares by TPM before merger but I think there is no such chance. As TPM has re-rated to around $9, I.e. around 40% more than the baseline value of 6.29, fair value of HTA now should be 28c. Makes perfect sense.
Question still remains who were the lose hands selling at 13-14c today? If they were really freaking out with the mention of ACCC, that will be a very dumb reason. The merged company will still only be the 3rd largest company in the country so not sure why this will not be allowed for the reason of being anti-competition!
Ann: VHA TPG Proposed Merger, page-46
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HTA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $352.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5128 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 39232 | 1 |
View Market Depth
| Last trade - 16.12pm 22/11/2024 (20 minute delay) ? |
| HTA (ASX) Chart |
Day chart unavailable
