Smells of desperation to me, such a lowball offer indicates that they don't have bank to go much higher. They completed a $90m raise last April from Tiger Global and DST Global Partners. I make their burn rate around $20 to $25m per year, given the number of employees and advertising spend to date and the fact they are trying to buy out a competitor (i.e. lack of their own organic growth). They may have max a 3-year runway left unless they can bag a competitor and fudge growth to get some more VC money in - but given current funding conditions they would need to turn a real profit to get anything. If anyone is in a good position to get more funding it's SWF, maybe they should buy out Stake??
It has to be North of 40c to make any sense.
As always DYOR.
- Forums
- ASX - By Stock
- Ann: ASX Announcement - response to media speculation
Smells of desperation to me, such a lowball offer indicates that...
-
- There are more pages in this discussion • 40 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 SWF (ASX) to my watchlist
|
|||||
Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $28.07M |
Open | High | Low | Value | Volume |
12.0¢ | 12.3¢ | 12.0¢ | $5.816K | 48.23K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 679670 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 117711 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 679670 | 0.120 |
3 | 283001 | 0.115 |
3 | 316364 | 0.110 |
1 | 2 | 0.105 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 117711 | 9 |
0.130 | 115358 | 5 |
0.135 | 404666 | 9 |
0.140 | 571545 | 8 |
0.145 | 204000 | 6 |
Last trade - 13.20pm 24/06/2024 (20 minute delay) ? |
Featured News
SWF (ASX) Chart |