Australia's largest stock trading and investment forum Australia's #1 stock forum

GSW

Click for more information

0.00%

29.0¢ getswift limited

Ann: Appendix 4C - quarterly, page-316

First 316 Last

Share
Profile

Follow
eskimo_joe

164 Posts.

05/02/18

11:11

Post #: 30820669
Share

Originally posted by hottuna ↑

Well the value of GSW per share is:

Net cash
+ EV of business
- contingent liabilities (class actions)
________________
divide by shares on issue plus in the money options

Net cash is claimed to be $96m as at Dec 31 (despite earning no interest)
contingent liabilites are going to be very large given the disclosure record
EV of the business is up for debate, but given cashflow from customers level and lack of growth, probably nothing

so you probably get +96m (assuming someone independently verifies the cash is there), less contingent liabilities divided by about 200m shares on issue.

So ballpark, valuation is 0-40c per share in my view. Given it can't trade below zero there's some option value there, but it's entirely rational that it'd trade sub 40c.

Expand

What's wrong with you?
Protecting your short position?

Last edited by eskimo_joe: 05/02/18

GSW Price at posting: $2.92 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

QHL

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

PFE

Pantera begins drilling of maiden test well at Smackover

C29

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

There are more pages in this discussion • 43 more messages in this thread...

First 316 Last

Add GSW (ASX) to my watchlist