I don't disagree with that formula, though if the shares are being traded for debt it implies that they have some value..ie the value of the debt they are being traded for.
Share prices rarely equate to a companies actual position as prices are forward looking and people buy based on what they forecast will happen further down the road.
shareholders please dont rollover, page-74
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Last
$8.17 |
Change
-0.130(1.57%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.22 | $8.31 | $8.13 | $21.70M | 2.652M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 129 | $8.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.17 | 11735 | 3 |
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| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
