Hi Barnacles - on an EPS basis I agree it's cheap - my issue is more around the levels of debt, goodwill and intangibles assumed in the purchase of Barminco. (The debt is largely USD denominated so if the AUD tanks the debt explodes - for example). I just think the risk profile of the Co has increased dramatically. UBS and DB will be very supportive as underwriters and therefore very active in the mkt and there is an incentive for them to get the price above ~$2.02 for more than five days so some stock can be released from escrow - there are many forces at work. The underlying result was pretty good. Cheers
Ann: Barminco Acquisition & Equity Raising Investor Presentation, page-20
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Last
$1.04 |
Change
-0.010(0.96%) |
Mkt cap ! $976.4M | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.05 | $1.02 | $1.925M | 1.855M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 112488 | $1.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 53569 | 2 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| PRN (ASX) Chart |