So they have $100M odd in the bank with a $50M MC? is their a precendent for a 2/1 cash/MC ratio for a tech DataCentre provider?
Shareholders selling here are sacrificing liquidity for a 50% haircut, with the assumption the exisiting business outside the cash is worth $0!
In a world where cash earns 5% interest with no risk and Joe.D does deals better than anyone on the ASX doesnt make alot of sense selling here if you dont need the cash now
Ann: Completion of Webcentral Share Sale and CFO Resignation, page-7
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $46.96M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.3¢ | 15.0¢ | $33.35K | 221.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 7079983 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1634407 | 24 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |