Thoughts on this article?
https://www.********.au/2022/06/16/frustrating-fund-backs-3-great-asx-shares-with-plunging-prices/
‘Extremely attractive’ takeover target
Fergie and Carson have been fans of micro-investing platform RAIZ Invest Ltd (ASX: RZI) for a while, and a 15% loss in May hasn’t changed this view.
This is another ASX share that has no debt and holds $18 million in cash.
“Over the past 12 months, it has grown active customers by 50% to around 650,000, who collectively invest more than $1 billion,” read the Cyan memo.
“The company is profitable in its core operations in Australia and is pushing successfully into south-east Asia.”May was just the continuation of a shocking run in 2022. Raiz shares have plunged almost 64% since the start of the year.
Similar to Kip McGrath, Raiz could make an “extremely attractive” takeover target.
“As a comparative valuation, Raiz’s US parent Acorns Grow is valued at ~$800 per customer,” the memo read.
“Completely ignoring Raiz’s 350,000 strong customer base Asia, its Australian business of 290,000 customers is presently being valued by the local market at just $170 per customer.”
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Last
36.5¢ |
Change
-0.010(2.67%) |
Mkt cap ! $34.84M |
Open | High | Low | Value | Volume |
37.5¢ | 37.5¢ | 36.5¢ | $25.86K | 69.46K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 19086 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.5¢ | 343 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 19086 | 0.365 |
5 | 26437 | 0.360 |
5 | 52151 | 0.350 |
1 | 1000 | 0.340 |
1 | 900 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 343 | 1 |
0.385 | 4850 | 2 |
0.390 | 162695 | 2 |
0.400 | 60560 | 5 |
0.430 | 10000 | 1 |
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