DOW 1.05% $5.78 downer edi limited

You've miscalculated. The book value of a company is its net...

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    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/
 
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