There's always a lot of churn around a capital raise (so IMF not unique). When it's something that's strongly earnings accretive (eg. a rollup on a PE of 15 buying a business on a PE of 8) the share price often jumps. When fair-value with synergies is to come down the track ... SP is often flat or slightly negative as traders take small stag profits.
IMO this is a medium to long term play. Paid a fair price and IMO have little effect on immediate cash flow based valuation. Once they leverage the footprint by launching new funds we should see the re-rate.
I'll likely top up if SP is slightly above $3.40 - otherwise will buy a bit more on market.
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86.0¢ |
Change
-0.010(1.15%) |
Mkt cap ! $243.0M |
Open | High | Low | Value | Volume |
87.0¢ | 87.3¢ | 84.0¢ | $107.7K | 125.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6816 | 85.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.5¢ | 630 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6227 | 0.850 |
1 | 5000 | 0.840 |
1 | 8000 | 0.830 |
1 | 909 | 0.820 |
2 | 5630 | 0.810 |
Price($) | Vol. | No. |
---|---|---|
0.885 | 630 | 1 |
0.890 | 630 | 1 |
0.895 | 18730 | 2 |
0.900 | 7296 | 2 |
0.905 | 630 | 1 |
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