ICI

16.0%

2.1¢ icandy interactive limited

good point.I also see that spending a bit money to stabilise the...

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rlee84

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17/09/21

11:19

Post #: 56144271
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Originally posted by bakerrrrrr: ↑

Well I wasn't a fan of the idea and I still have concerns, but I wont be complaining if the SP moves up a good way.

It is a waste of money in the sense they paid a serious brokerage fee to raise that cash initially. Now that is kind of going to waste (if the net result is a higher SP then I respect we could debate that point). Additionally as the crazy man said, it doesn't necessarily increase company value because anyone calculating ICI value would have been looking at; cash + assets + future potential (take a guess) equals total value, divide by SOI. Now the cash component will go down relative to the SOI. Hopefully the market doesn't treat this entirely rationally and the end result is a higher SP.

SBBs scream that a company doesn't have any better plans to grow using their $$s. I think we all had in mind that $10mil was like ICIs loaded gun to get out there and do some awesome deals. Now they are going to fire one barrel just to prop up the SP.

I totally agree the current SP is an attractive buy and I do see the opportunity in that trading volumes are low, so with some SBBs they can push the price up substantially. But if in 2-3 years time ICI is coming back to the market cap in hand I will be hugely pissed with management. So in some sense there is a vote of confidence from management in making this move.

All in all, it tells me to narrow by hold window with ICI, because I wont be hanging around if cash starts to become a looming concern.

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good point.

I also see that spending a bit money to stabilise the share price is ok.

I also agree that its a waste of capital to raise and now buy back.

I also see that its a good sign ICI no longer relying on cash in bank as much <--an indication that cash flow turning positive/positive EPS soon??

ICI Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 2.1¢		Change -0.004(16.0%)		Mkt cap ! $28.24M

Open	High	Low	Value	Volume
2.4¢	2.4¢	2.1¢	$61.54K	2.894M

Buyers (Bids)

No.	Vol.	Price($)
2	247963	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	1516000	6

View Market Depth

No.	Vol.	Price($)
2	247963	0.021
7	882644	0.020
5	940000	0.019
4	899555	0.018
7	938033	0.017

Price($)	Vol.	No.
0.022	516000	4
0.024	300699	2
0.025	250000	1
0.032	176887	2
0.034	440125	2

Last trade - 16.10pm 06/09/2024 (20 minute delay)

ICI (ASX) Chart

good point.I also see that spending a bit money to stabilise the...

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good point.I also see that spending a bit money to stabilise the...

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