RE: So low3 Mar 2020 18:50
Could anyone help me on this one - how much of Union Bank (UB) does ATMA own, is it 25% or 50%?
M/C of UB is currently c$570m so 50% is $285m with ATMA trading at a current M/C of $190m.
Other than pricing in the prospect of high future ATMA HoldCo overhead and running costs, any reason why current value of ATMA is at such a significant discount to current UB market cap? (Without taking into account any value for the non-UB shares owned by ATMA). Any guidance appreciated and apologies if my maths is wrong or I am missing something