Yes, Findi will have $15m in cash and enterprise value of Findi goes up by $15m... but TSI doesn't get the cash, and TSI's value does not go up.
In reality we (investors) are valuing FND much more than the current $40m based on TSI valuation, up to $200m. Adding $15m cash for a 33% dilution it's a great deal at the moment no matter how you spin it.
Think of it this way - how is Findi going to invest that $15m to grow at the same rate as the TSI investment? Maybe they just give it back as dividends over the next couple of years.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$3.83 |
Change
0.010(0.26%) |
Mkt cap ! $236.6M | |||
| Open | High | Low | Value | Volume |
| $3.83 | $3.86 | $3.58 | $1.047M | 283.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1109 | $3.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 6250 | 1 |
View Market Depth
| Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
| FND (ASX) Chart |