Most likely funded by sophisticated and professional investors pumping money into it, getting a free rights issue and selling down / capping SP to whatever discount level the investment bank decides probably 20% to guarantee minimum risk to them and maximum benefit to their clients. Got to love the level playing field.
Or we could be surprised, they may actually offer current retail shareholders.
Either way I expect the SP to be back around the 15-16c level shortly.
On a positive, Teknocorp purchase on similar terms, 3.5 times EBITDA based on $1.1M, currently Teknocorp's contribution based on the trading update puts expected EBITDA to be around $1.6M for the first 12M.
Hope this purchase is in a similar ballpark for performance.
Most likely funded by sophisticated and professional investors...
Add AHC (ASX) to my watchlist
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.92M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.5¢ | 18.5¢ | $170.8K | 923.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 220000 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 125802 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
18.5¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 18.5¢ | 18.5¢ | 18.5¢ | 109577 | ||
| Last updated 15.25pm 07/05/2024 ? | |||||
| AHC (ASX) Chart |