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43.8¢ appen limited

Innodata are tyre kickers at the first inspection of an Eastern...

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SallySet

5,510 Posts.

1040

12/03/24

20:13

Post #: 72855998
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Originally posted by imback: ↑

LOL, how much do you want a USD $205M MC company to offer a now $235M MC company? Their first offer was 70c. Based on the announcment their offer was made probably around mid feb when the SP was around 30-35c. So over the last month, the Innodata SP has dropped almost 38%, so obviously their insiders aren't too happy with the deal.

Therefore, since they made the initial offer of 70c, their 'currency' has depreciated by 38%. If they want to maintain the same dilution of the offer day, the real offer is 70c x 0.62 = 43c. Now the SP is currently $1.08. Can they basically triple their offer to even take this where the market currently valuing? And then of course retail wants a premium. 2 bucks you say! Great that's 5 times their original offer using their original' 'currency' of their scrip.

Sure retail and the markets might froth this more but shorters can now see the offer and the suitor and they know its not going anywhere. Current analyst valuations are around 60c.

Giddy up!

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Innodata are tyre kickers at the first inspection of an Eastern Suburbs beach house.

Don't know why you are so focused on them.

Not going anywhere? This is AI bro and they're debt free!!

Revenue are $180 million plus!

Last edited by SallySet: 12/03/24

APX Price at posting: $1.08 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 43.8¢		Change -0.003(0.57%)		Mkt cap ! $98.12M

Open	High	Low	Value	Volume
44.5¢	45.5¢	43.8¢	$169.6K	381.7K

Buyers (Bids)

No.	Vol.	Price($)
12	164350	43.5¢

Sellers (Offers)

Price($)	Vol.	No.
44.0¢	17954	4

View Market Depth

No.	Vol.	Price($)
11	64354	0.435
15	230446	0.430
16	150203	0.425
13	76791	0.420
5	199345	0.415

Price($)	Vol.	No.
0.440	8583	5
0.445	23799	7
0.450	24868	7
0.455	61321	9
0.460	101810	10

Last trade - 10.45am 29/07/2024 (20 minute delay)

APX (ASX) Chart