As it stands, SOI are 1.568b after SPP.
Assuming it opens at 25c, that's a market cap of about AUD$392m.
I'm assuming a slightly lower EBIDTA than what was used in prospectus due to softening demand and lower diamond prices. Using for eg US$165m, or AUD$246m. Based on this if it opens at 25c it will be trading at 1.6xEBIDTA (I could be completely wrong of course).
If we can assume a 2xEBIDTA (??) then MC should be about AUD$500m and a share price of 31-32c
Very basic back of the envelope stuff, no doubt a little more nuanced than this
Ann: Becoming a substantial holder, page-9
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Last
18.5¢ |
Change
0.010(5.71%) |
Mkt cap ! $262.9M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.5¢ | 17.5¢ | $10.30K | 58.83K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 187678 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 19780 | 1 |
View Market Depth
| Last trade - 10.29am 17/07/2024 (20 minute delay) ? |
| BDM (ASX) Chart |