You've miscalculated. The book value of a company is its net assets divided by the number of shares on issue. Therefore as at 31/12/15 it is 1,996M/435M which is $4.58.
You may be talking about tangible book value though.
DOW is also a profitable company so it's real value is much higher than $4.58.
Furthermore, FMG terminated MAH's mining contract at Christmas Creek and gave to DOW on Friday.
https://au.news.yahoo.com/thewest/a/26369692/fmg-rocks-macmahon-with-780m-blow/
Sell DOW -- Buy MAH, page-2
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Last
$5.76 |
Change
0.050(0.88%) |
Mkt cap ! $3.626B | |||
| Open | High | Low | Value | Volume |
| $5.75 | $5.81 | $5.69 | $4.241M | 737.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11134 | $5.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.76 | 9983 | 4 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| DOW (ASX) Chart |
