Disclaimer – As I have previously said, I had written this investment off in my head so haven’t closely followed Hotcopper posts or announcements. There’s a lot of commentary about prices and what’s considered cheap and what’s not. I still can’t get my head around how much we own of what.
I’m more interested in market capitalisation. This might have been discussed elsewhere or each of you have your own sums.
Shares on Issue at 31/8/20 was 5,754,856,762 (taken from https://aust-sino.com/Investors-Media/Capital-Structure). I’m not sure what the share price was on that day but if we use 1.7c, we had a Market Cap of $97.8mil.
On 17/11/20 was the announcement of a placement to raise $100mil at 1.3c or an additional 7,692,307,693 shares (I assume this proceeded?). Has ANS issued any further shares? I’m also not sure what happened with the unlisted options.
With this, ANS has at least 13,447,164,455 shares on issue. I’ve said I’m happy to take 15c for my 1,000,000 shares. If Shares of Issue is correct, that values ANS at just over $2bil. Maybe that’s high, maybe that’s low – but I’ve got no idea what % we own of what. It is a 20x market cap increase and I’m happy to exit at that.
Now waiting for the crowd to yell at me.
- Forums
- ASX - By Stock
- ANS
- ANS for sale
ANS for sale, page-924
-
-
- There are more pages in this discussion • 176 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ANS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online