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20.5¢ raptor resources limited

Ann: Scheme Booklet registered with ASIC, page-113

Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #

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AlCp

27,539 Posts.

1785

21/07/22

16:00

Post #: 62657236
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Originally posted by Arrowhead ↑

The challenge is that the register is now loaded with event funds seeking the takeover arbitrage.
And they are brutal on their way out the door if a Scheme fails. RAP will be lucky to trade at 8c.
Go look at EPY, it received a takeover bid in March 2020. The bidder paid the break fee and walked, it took until May 2022 to touch (on low volume), the previous bid price, after trading down to $0.23 (bid was $0.57). And EPY has decent free cash-flow and has paid attractive dividends through-out. RAP on the other hand will need to raise.

If you're voting no, you need to comfort yourself with the fact that this is going lower.

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Isn't EPY a fintech company and we all know what happened to the BNPL sector. RAP will need to continue their uptrend of revenue for ResAppDx and then they need to do a CR at 12c immediately after the NO vote with other big Insto investments after the publicity of the Pfizer but I suspect Pfizer will up their bid to the recommended price (what is $50M AUD to them anyway).

Last edited by AlCp: 21/07/22

RAP Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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