Thank you for taking the time to reply.
CBR initially applied for an IPO via issuing 136,240,052 shares at $2.60 = $354,224,135
and later CR of 59,375,000 x $1.60 = $95m. Total funding raised = $449,224,135.
Now, its value has halved to MC 229.4m and it also have 30% more shares.
I have little financial knowledge but how much revenue and profit does CBR need to generate to off set the 30% increase in shares on issue and justify its mc 229.4m? Does it have to make a profit of approx. $20m to justify mc - $229.4m
I like the business as there is a big market for the product and the wheels can be mass produce.
Can CBR survive if the chip shortage drags on and at what sp?
- Forums
- ASX - By Stock
- CBR
- Ann: Market update
Ann: Market update, page-72
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CBR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online