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!
Would appear a fair price for a good business that significantly...
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Last
$1.14 |
Change
0.030(2.70%) |
Mkt cap ! $317.9M | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.15 | $1.11 | $176.5K | 154.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1703 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 2414 | 12 |
View Market Depth
| Last trade - 13.33pm 01/10/2024 (20 minute delay) ? |
| OBL (ASX) Chart |