Curious to know what you think would cause them to do a cap raise?
As of 31st March they had $48m cash, enough to keep them going for 5 years at the current burn rate. They indicated temporary higher costs as they implement the "transaction model" on a couple of businesses. We saw during 2020 that they had the ability to scale back costs without any long term damage so in the event of a downturn they could still eke it out a while.
At its current market cap the company is worth about 4.5x revenue, which only a few months ago would have been unheard of. So also hard to see them raising to acquire something, unless the target is substantially better value than FDV itself - which seems unlikely.
Not to say it won't ever happen, just hard to imagine under present conditions.
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Last
38.0¢ |
Change
0.015(4.11%) |
Mkt cap ! $164.7M |
Open | High | Low | Value | Volume |
36.5¢ | 39.0¢ | 36.5¢ | $106.7K | 282.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 33409 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.5¢ | 93927 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 33409 | 0.380 |
1 | 400 | 0.375 |
2 | 9551 | 0.370 |
1 | 5000 | 0.365 |
10 | 234130 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.385 | 93927 | 2 |
0.390 | 40471 | 1 |
0.395 | 20000 | 1 |
0.400 | 24950 | 4 |
0.405 | 21767 | 1 |
Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
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