IVZ 2.86% 6.8¢ invictus energy ltd

Its hard to say, I have no doubt that Scott understands the...

  1. 3,434 Posts.
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    Its hard to say, I have no doubt that Scott understands the investor sentiment at present.

    Essentially IVZ has a lot of retail shareholders, and being what we are will do the back of an envelope valuation based on the non binding farm in deal giving us a valuation of 60M (mega approx). And hence the market has moved to this figure.

    Now this method of calculation maybe completely incorrect and nuts for those that are in the O&G industry, however they (IVZ) did not take into account that this is exactly how the retail holders will then value the company and sell accordingly.

    I dont feel that in the immediate future the FI will change, but what we will hear is an explanation of the benefits of this deal, and how it shouldn't be used to value the company specifically. I would also put 1 years dockers membership that the company will acknowledge that the communication on this deal could have been better on their end.
 
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Last
6.8¢
Change
-0.002(2.86%)
Mkt cap ! $96.41M
Open High Low Value Volume
6.9¢ 7.2¢ 6.8¢ $126.3K 1.801M

Buyers (Bids)

No. Vol. Price($)
5 359797 6.8¢
 

Sellers (Offers)

Price($) Vol. No.
7.0¢ 114000 2
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Last trade - 15.34pm 09/07/2024 (20 minute delay) ?
IVZ (ASX) Chart
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