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38.0¢ red 5 limited

"Again assuming the SP falls to 13.5c......."it will more than...

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alan555

439 Posts.

40

21/02/23

11:02

Post #: 66366997
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Originally posted by Glutten: ↑

$80m at 13.5c (23% discount) is ridiculous.

Current market cap is $489m so assuming the SP retreats to the 13.5c raise price it will fall to $377m + $80m raised = $457m.

Assuming there is not much cash left hence the capital rasing net debt post the raise will be cica $75m ($165m debt - est. $90m cash) so would could see an enterprise value of around $532m post the capital rasing assuming the SP falls to 13.5c. The enterprise value on the 23rd Jan according to their quarterly report was $809m. So the value of our business stands to fall $277m (34%) in 4-6 weeks... wow.

Again assuming the SP falls to 13.5c and stays thereabouts for 30 days in order for the 30 day VWAP to be 13.5c a takeover is highly likely IMO as we'll be cheap and the register will be full of disgruntled shareholders. A takeover at 19c post capital raise will get the job done IMO.

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"Again assuming the SP falls to 13.5c......."

it will more than likely go lower

RED Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 38.0¢		Change -0.030(7.32%)		Mkt cap ! $2.584B

Open	High	Low	Value	Volume
40.0¢	40.0¢	37.5¢	$12.17M	31.78M

Buyers (Bids)

No.	Vol.	Price($)
86	1829273	37.5¢

Sellers (Offers)

Price($)	Vol.	No.
38.0¢	1268005	37

View Market Depth

No.	Vol.	Price($)
86	1829273	0.375
41	1414775	0.370
22	863730	0.365
16	2332372	0.360
9	431371	0.355

Price($)	Vol.	No.
0.380	1267637	37
0.385	1322348	41
0.390	1202422	23
0.395	897066	14
0.400	1236244	19

Last trade - 14.25pm 25/06/2024 (20 minute delay)

RED (ASX) Chart