River Capital seems to be an investor in undervalued businesses. In the end, they need to realise the gain and move on to the next opportunity. My guess (but I have been wrong before) is that the may rather use creep provisions to mop up stock in ‘loose hands’. A major re-rate seems unlikely in the next 6 months before they can start to creep.
The TPC Scheme of Arrangement (takeover) shows these businesses if well managed have significant potential. Also such businesses are valued much higher than even 8 cents. But it will take time.
River Capital seems to be an investor in undervalued businesses....
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Last
8.0¢ |
Change
-0.001(1.23%) |
Mkt cap ! $14.41M | |||
| Open | High | Low | Value | Volume |
| 8.1¢ | 8.1¢ | 7.9¢ | $25.99K | 323.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 229000 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 14903 | 2 |
View Market Depth
| Last trade - 14.24pm 03/05/2024 (20 minute delay) ? |
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Last
7.8¢ |
Change
-0.001 ( 1.27 %) |
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| Open | High | Low | Volume | ||
| 7.8¢ | 7.8¢ | 7.8¢ | 12500 | ||
| Last updated 15.01pm 03/05/2024 ? | |||||
| LPE (ASX) Chart |