Would appear a fair price for a good business that significantly expands geographical and funding type reach. Not a bargain tho - paid projected cash flows discounted back at 12%pa. Earn out provisions used to offset if overestimated tho.
Very happy with the Entitlement Offer. Much fairer than a standard SPP. Wish more companies would use this method when they need to raise funds!
From what I’ve read - seems good to me.
Only thing that irks me is the $11M deal costs ... merchant bankers and lawyers are paid way too much!
Ann: Acquisition and Associated Equity Raising, page-5
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Last
$1.14 |
Change
0.025(2.25%) |
Mkt cap ! $320.7M | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.15 | $1.11 | $344.9K | 302.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2377 | $1.13 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 9974 | 1 |
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