"Still well placed for upside".
Absolutely, provided investment in Loyyal (the company) grows as expected.
RFN current MC at AUD$19.5M is almost exactly equal to Loyyal investment at current valuation.
RFN owns 14.71% of Loyyal on fully diluted basis for US$2.3M at current FX of AUD/USD $1.25 (i.e US$1 is equal to AUD$1.25)
RFN = [(US$2.3M x AUD$1.25) / 14.71%] = [AUD$2.875M /0.1471} = $19.54M
"Well placed for upside" .... but the space is a nascent market so expect commensurate risk. Buying Loyyal and getting RFN for free is another way to look at it (at present).
GLTA
Ann: Reffind completes investment with Loyyal, page-41
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $1.411M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $124 | 59.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 14501960 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 11550854 | 11 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| 1TT (ASX) Chart |