So, if we sold 40% of the company for $65M how is the market cap still $68M?
when the transaction goes through we get $65M. We pay down debt to zero so save circa $6M on interest payments. What is left over of the company made around $6M npat for the half year. For the full year, (as we still have Pybar earnings for 9 months,) we should be making around $22M if we have a similar profitability plus interest savings.
right now the market cap only reflects the value of Pybar and values Metarooc's remaining profitable (cash positive) assets at zero?
am I missing something here?
So, if we sold 40% of the company for $65M how is the market cap...
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22.0¢ |
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Mkt cap ! $67.43M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 22.0¢ | $63.17K | 283.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 121739 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 3797 | 1 |
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