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clock Created with Sketch. 08/09/21
14:53
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Originally posted by Colnago:
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It needs updating its right off,depends on how its calculated but a business I was helping to run pre covid had future liabilities as loan repayments and interest calculated plus lease contracts so alot of turn key costs that they were legally obliged to honour,lease contracts can be very difficult to break so I regard those as a serious liability in times like now,also they have to recoup the lost value of Capital Smart any holders of the 1.15 placement will be frustrated if still holding,a question I have is do funds think they are going to earn a healthy dividend or are they hoping for SP increase,both i know but dividends at their best before were just over 2.4% and the 300 mill new shares will put the company at an immediate valuation of 600+mill if it goes to an optimistic 1 bill MCshares will be around 70-75c
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Sorry I have to correct the valuation to 415 mill I was calculating in further possible equity raising which I think they will need before April next year again just my opinion and convertible notes if any in the new or future raising con notes can dilute companies heavily
(20min delay)