SP3

11.8%

1.9¢ spectur limited

Ann: EGP Capital Debt Fully Repaid, page-19

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16/06/24

23:20

Post #: 74342153
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Originally posted by avinvest: ↑

Just to get this right; I still think this stock is grossly undervalued and current/fair share price should be well above 10c. But it is not, for reasons that I don't want to argue about any longer (not the current management's fault is all I am going to say). Have bought much lower than 10c once and sold a lot at 10.5c and still think it is possible to do this again.

In terms of modelling, I must confess that some recent developments have surprised me (both to the positive and negative), including that the $250k loan was repaid a little later (only 3 weeks though) than I anticipated. One possible explanation for that is that I got this wrong re SP3 anns/timelines, another one is that revenues are going to be up, meaning that they needed those $250k to produce stock that was ordered at short notice, which is good. That, however, may delay profits by a quarter. Regarding CR modeling, they obviously did not get the full amount they asked for in the recent CR, which I personally see as a positive, as a) they got what they needed and b) avoided further/unnecessary dilution (in that sense, the laps of 11,988,176 performance rights for directors was good news, too). Short answer: my model does not show the need for a further CR. However, if they can acquire cash flow/profitable companies that also have moat/tech/IP complementary to theirs, then why not raise a little more in the future. That said, I would prefer to get to 2.9c (and then with a bit of luck to 6.6c) first. Ideally that will happen before the election in the US, as I am slightly worried re global markets after then but also because we have a deadline of 07 Sept 2024

Have a good weekend.

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Thanks for posting this. In my view sp is low because of 2 things.

1. Repeated CRs for a cashflow neg business
2. Market has long stopped pricing based on only revenue- you are almost a nobody if you are not able to turn a profit

Let us wait and see what happens

SP3 Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 1.9¢		Change 0.002(11.8%)		Mkt cap ! $5.082M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.8¢	$4.962K	261.6K

Buyers (Bids)

No.	Vol.	Price($)
2	590000	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	1141611	2

View Market Depth

No.	Vol.	Price($)
1	90000	0.018
4	987550	0.017
3	367000	0.016
2	400000	0.015
1	131556	0.014

Price($)	Vol.	No.
0.019	1141611	2
0.020	578336	3
0.021	403800	1
0.031	31580	1
0.034	7000	1

Last trade - 15.45pm 28/06/2024 (20 minute delay)

SP3 (ASX) Chart

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