So with $14.5m from FullBeauty for Avenue and $27.5m from capital raise that’s a $37m cash injection to a company valued by current market cap at $68.5m?
Orphic your AFR story says …”internal documents viewed by the Financial Review show that much of the $27.5 million being raised by the company will be used to repay its lender, National Australia Bank.
Another $13 million will be set aside as working capital”
From the last half yearly : https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL5g67zBb1v/R657FiGug=
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And note 18:
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I don’t follow closely but I have owned some ‘opportunistic’ shares since CCX big price crash (and traded them a bit) so my opinion is an essentially naive view based on relatively short term experience.
- From this space it seems like the company has been completely pared down in a fairly methodical manner since Blundy stepped in and that - if he not bought in to CCX , it might no longer exist.
As far as people expecting cheap fashion if that’s what they have had a taste of goes - well it worked for Cettire?
Can anyone who knows this company please tell me what’s left after Avenue is gone?
cheers
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10.0¢ |
Change
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Mkt cap ! $35.05M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 9.9¢ | $107.7K | 1.079M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 176198 | 9.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 29783 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 176198 | 0.099 |
3 | 304401 | 0.098 |
7 | 208603 | 0.097 |
5 | 610735 | 0.096 |
5 | 250000 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 18182 | 1 |
0.105 | 607748 | 13 |
0.110 | 282170 | 5 |
0.115 | 189514 | 6 |
0.120 | 275175 | 3 |
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