Also a quick reminder of what would be at stake based on some back of a napkin calculations:
If LSS is valued at 3X LTM revenue, we should see a valuation of around $80m.
Should the IPO offer 30% equity ($24m raise) we will see a post money valuation of $104m.
After the IPO, ICI would own a 70% stake of the now $104m LSS - $72.8m.
Add to that, the remaining enterprise value of ICI, we would be looking at a total valuation of ICI of $90m-$100m.
How did I do?
If we are about to witness the above - I dare say we should be backing the trucks up at this price.
Ann: Resignation of Directors, page-38
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2.8¢ |
Change
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Mkt cap ! $37.65M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.8¢ | $11.49K | 409.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 165261 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 100000 | 1 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| ICI (ASX) Chart |