Thanks Blab, much appreciated though I do hope shares make it to...

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patrick10101

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09/08/21

09:42

Post #: 55131200
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Originally posted by Blab: ↑

Patrick10101:

1) It's not likely the general offer will get any shares. Reasons are the priority, broker and institutional offers will be extremely oversubscribed. General or public offer is there in case the shares are not taken up through the other offers as all 40m available shares must be taken up as a condition for the listing to go ahead as per the prospectus.

2) At 85 cents and 640m shares on issue, PPKs investment in Li-S is worth around $270m or $3 per PPK share. If Li-S rises to $1.70 on listing then it is worth $6 per share. This is really just for accounting purposes. The valuation depends on what it's for. A bit like a house has different valuations depending on what it's to be used for.

3) A condition of listing is that at least 20% of shares have to be available to be traded (liquid). Li-S has just over 23% available for trading including the 40m being issued (6%), and 26m shares held by non-related party PPK shareholders (4%), among others. What you are focusing on is just the percentage of new shares being issued compared to the overall available. Nothing about the IPO is particularly unusual except maybe that the major initial shareholders (PPK, Deakin and BNNTTL) are not selling any of their shares.

You have to decide for yourself whether to go via PPK or Li-S, but they are not mutually exclusive but also don't have the same risk profile. The answer is probably in your own question anyway.

There have been quite a few local IPOs recently to have a look at to see how things can go including Airtasker, Clinical Labs and Best&Less. None of these have a breakthrough technology that could enable EVs to travel over 1,000km on a single charge, phones to require charging only once a week, or drones to fly for hours not minutes.

TradingDay:
I'm suggesting that AMAG is likely to be the next IPO in about 18 months time as it seems the technology may be mature enough by then to require a significant capital injection to expand the business globally.

Pretty hard to make predictions about White Graphene based on what we know at the moment other than that Professor Luhua Li is in charge of the R&D of producing BNNS (sheets) like he was for BNNT (tubes). Update in about 2-3 weeks.

Expand

Thanks Blab, much appreciated though I do hope shares make it to General offer as i entered PPK right after the LI-S dividend shares were gifted.

makes sense and yes, my main difficulty in valuing PPK is in the rest of the company, holdings in other companies at earlier stages than Li-S (with recent 3rd party valuations) bar the old mining biz which is going to be sold off.

Thanks again and gl to other holders

PPK Price at posting: $13.91 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 45.0¢		Change 0.005(1.12%)		Mkt cap ! $40.62M

Open	High	Low	Value	Volume
44.5¢	45.5¢	44.5¢	$12.21K	27.33K

Buyers (Bids)

No.	Vol.	Price($)
2	3601	44.5¢

Sellers (Offers)

Price($)	Vol.	No.
45.5¢	438	1

View Market Depth

No.	Vol.	Price($)
2	3601	0.445
1	2000	0.440
2	7001	0.435
1	2325	0.430
1	15000	0.420

Price($)	Vol.	No.
0.455	438	1
0.460	1824	1
0.475	2328	1
0.480	5760	1
0.485	9901	2

Last trade - 11.52am 30/04/2024 (20 minute delay)


Last 43.5¢		Change 0.005 ( 4.40 %)
Open	High	Low	Volume
44.5¢	45.5¢	43.5¢	4880
Last updated 12.51pm 30/04/2024 ?

PPK (ASX) Chart

Thanks Blab, much appreciated though I do hope shares make it to...

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