i agree. Whilst the selldown of the NZ business is a bonus the real money is in the Au business and the transaction today is just a cherry on top.
after the dividend they will have 15m cash after extinguishing debt. Once Anacacia convert there will be 200m shares on issue.
They have a 12m ARR business that is adequately funded and profitable growing at 500% yoy. In today’s market, given the opportunity and track record this would warrant a valuation of >200m. There is a pretty
good chance they could be on a runrate of 25m within 6months so that still leaves valuation upside.
its about holding on for the ride now...
i agree. Whilst the selldown of the NZ business is a bonus the...
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Last
93.0¢ |
Change
0.005(0.54%) |
Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
| 93.0¢ | 93.5¢ | 92.5¢ | $10.91K | 11.74K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1088 | 92.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.0¢ | 343 | 1 |
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| Last trade - 15.37pm 04/10/2024 (20 minute delay) ? |
| SMP (ASX) Chart |