i agree. Whilst the selldown of the NZ business is a bonus the real money is in the Au business and the transaction today is just a cherry on top.
after the dividend they will have 15m cash after extinguishing debt. Once Anacacia convert there will be 200m shares on issue.
They have a 12m ARR business that is adequately funded and profitable growing at 500% yoy. In today’s market, given the opportunity and track record this would warrant a valuation of >200m. There is a pretty
good chance they could be on a runrate of 25m within 6months so that still leaves valuation upside.
its about holding on for the ride now...
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$1.14 |
Change
-0.010(0.87%) |
Mkt cap ! $276.0M |
Open | High | Low | Value | Volume |
$1.15 | $1.16 | $1.13 | $108.7K | 94.60K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49999 | $1.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.15 | 55026 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49999 | 1.130 |
1 | 837 | 1.110 |
1 | 5000 | 1.100 |
1 | 1458 | 1.070 |
2 | 8943 | 1.060 |
Price($) | Vol. | No. |
---|---|---|
1.150 | 55026 | 2 |
1.155 | 10000 | 1 |
1.160 | 9200 | 1 |
1.180 | 7200 | 1 |
1.200 | 10549 | 2 |
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