Would appear a fair price for a good business that significantly expands geographical and funding type reach. Not a bargain tho - paid projected cash flows discounted back at 12%pa. Earn out provisions used to offset if overestimated tho.
Very happy with the Entitlement Offer. Much fairer than a standard SPP. Wish more companies would use this method when they need to raise funds!
From what I’ve read - seems good to me.
Only thing that irks me is the $11M deal costs ... merchant bankers and lawyers are paid way too much!
Ann: Acquisition and Associated Equity Raising, page-5
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Last
88.0¢ |
Change
-0.040(4.35%) |
Mkt cap ! $248.6M | |||
| Open | High | Low | Value | Volume |
| 90.5¢ | 92.0¢ | 87.5¢ | $160.8K | 178.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2199 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.5¢ | 7000 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| OBL (ASX) Chart |