ASIC v ISX Hearing, page-3310

First 3310 Last

Share
Profile

Follow
JoeSalami

3,342 Posts.

680

03/06/24

14:42

Post #: 74139118
Share

Originally posted by naomhan: ↑

Care to give us an estimated market value?

Management say forward sales EUR45m?
Management say 25-35% EBITDA/profit.
Mid-range, that'd be about $22m (AUD) profit.

Pre-consolidation there were 1b shares. So thats 2.2c per share (22c/share forward earnings post-consolidation). And that's if you trust management's estimates of anything (was it 2022 we were supposed to list?).

So yeah, absolutely, the offer of 7.5c which JK is spruiking to shareholders on every platform for some unspecified reason is stupidly low.

Ive heard many times just how much trouble "shorters" (JK's famous bogeyman hiding under the bed) are in. I doubt there are any left at all. I just dont know how anyone thinks this could possibly open at 50x forward earnings just to get to last traded price. Let alone more.

Expand

Hi there.

Where has JK spruiked the below please?

"So yeah, absolutely, the offer of 7.5c which JK is spruiking to shareholders on every platform for some unspecified reason is stupidly low."

Did you receive the Shareholder update?

Can you copy KG Capital Partner's Offer text and context here for transparency.

SP1 Price at posting: $1.07 Sentiment: None Disclosure: Not Held
11 Upvote

0 Great analysis

Reply

Top Stories

WGR

Western Gold tanks -20% as company reports 'raw data' for assays incomplete; buries low grades

Listen: HotCopper Wire Podcast 025 – Locksley rap video gives Hilltop Hoods run for money

LU7

Lithium Universe flags high purity silver recovery achievable from solar panel scrap

SKK

Stakk – formerly Douugh – rockets +300% on deal with Robinhood, the US trading app of 'meme stock' fame

Market Close: We're probably not going to see a contrarian September rally – but this way, 2025 might see a Santa Rally

First 3310 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

ASIC v ISX Hearing, page-3310

Top Stories

Western Gold tanks -20% as company reports 'raw data' for assays incomplete; buries low grades

Listen: HotCopper Wire Podcast 025 – Locksley rap video gives Hilltop Hoods run for money

Lithium Universe flags high purity silver recovery achievable from solar panel scrap

Stakk – formerly Douugh – rockets +300% on deal with Robinhood, the US trading app of 'meme stock' fame

Market Close: We're probably not going to see a contrarian September rally – but this way, 2025 might see a Santa Rally

Featured News