There's always a lot of churn around a capital raise (so IMF not unique). When it's something that's strongly earnings accretive (eg. a rollup on a PE of 15 buying a business on a PE of 8) the share price often jumps. When fair-value with synergies is to come down the track ... SP is often flat or slightly negative as traders take small stag profits.
IMO this is a medium to long term play. Paid a fair price and IMO have little effect on immediate cash flow based valuation. Once they leverage the footprint by launching new funds we should see the re-rate.
I'll likely top up if SP is slightly above $3.40 - otherwise will buy a bit more on market.
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Last
$1.14 |
Change
0.025(2.25%) |
Mkt cap ! $320.7M |
Open | High | Low | Value | Volume |
$1.11 | $1.15 | $1.11 | $344.9K | 302.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2377 | $1.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.15 | 9974 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2377 | 1.130 |
1 | 2377 | 1.125 |
1 | 2377 | 1.120 |
1 | 14650 | 1.110 |
2 | 45897 | 1.100 |
Price($) | Vol. | No. |
---|---|---|
1.150 | 9974 | 1 |
1.160 | 3377 | 2 |
1.165 | 2377 | 1 |
1.170 | 2377 | 1 |
1.190 | 3000 | 1 |
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