Back of the envelope stuff, but sale of the stake results in an estimated net gain of $29.9mn for NEC, so likely a small positive for the share price. NEC market cap is currently about $850m.
Calculation: 10% of 769mn shares SXL outstanding shares = 76.9mn shares x (sale of price of $1.54/share less cost of price of $1.15/share) = $29.9mn
Back of the envelope stuff, but sale of the stake results in an...
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Last
$1.28 |
Change
0.015(1.19%) |
Mkt cap ! $1.958B | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.28 | $1.25 | $2.892M | 2.275M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31221 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 27749 | 3 |
View Market Depth
| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| NEC (ASX) Chart |
