Certainly a lot of unknown's here.
On face value it seems like management are trying to boost the share price in timing for a capital raising. Otherwise I can't see the need for a preliminary guidance for what appears like earnings from businesses they don't yet own.
Does anyone know where the money is coming from? As capital a raising would dilute massively basically doubling the market cap and poses risks if they don't get adequate subscriptions. This would essentially dilute out the current value (3 - 5 x EBTIDA) - that's provided management even delivers on what they say.
I'm happy to sit on the side lines for the time been. Plenty of other businesses trading on real EBITDA's of 3 -5 X.
Needless to say i'm interested but very skeptical, if anyone can shed some light it would be much appreciated.
- Forums
- ASX - By Stock
- IVO
- Ann: Appendix 4C
Ann: Appendix 4C, page-2
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IVO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online