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.
Smells of desperation to me, such a lowball offer indicates that...
Add SWF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.46M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 13.0¢ | $33.47K | 257.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 68264 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 12573 | 2 |
View Market Depth
| Last trade - 12.10pm 17/05/2024 (20 minute delay) ? |
| SWF (ASX) Chart |