"Every thing i know about this trade ,about running smash repair business's, about owning the largest privately owned heavy MSO tells me this place is a basket case"
I don't know anything about smash repair business, but I think you're right.
If it's a 1 for 2.15 fully underwritten rights issue at 7.5c, the market is currently valuing the shares on issue now (pre-rights issue) at about 2.8c to 3.0c each.
Normally you'd think there's an opportunity somewhere in there with that sort of discrepancy, but I don't think there is. If Canaccord ends up as the largest shareholder there is a big incentive with them though to either get in some cut throat management or else sell off the businesses.
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Last
5.9¢ |
Change
0.005(9.26%) |
Mkt cap ! $282.1M |
Open | High | Low | Value | Volume |
5.6¢ | 5.9¢ | 5.5¢ | $213.9K | 3.726M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 520874 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 628844 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 520874 | 0.056 |
4 | 687539 | 0.055 |
2 | 1876178 | 0.054 |
3 | 207314 | 0.053 |
2 | 189247 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 628844 | 6 |
0.060 | 1097686 | 9 |
0.062 | 100000 | 1 |
0.065 | 209881 | 3 |
0.072 | 15600 | 1 |
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