Granted this not a normal CR. There will be a prospectus almost like an IPO as canonman said.
PE ratios are based on nett income or EPS which is a lot lower than EBITDA.
I had a look at Lucara today. There are trading at approx 2 x EBITDA based on 2022 results.
This would suggest a MC for BDM of $600M based on Ekati EBITDA in Aussie dollars.
If they issue 770 mil shares at 30 cents for a $231 mil raise then total SOI would be 1.116 Billion shares which on relist should then find their way to 54 cents for a $600M market cap valuation.
Given current price of 30 cents and current shareholders included in the raise also at 30 cents along with new investors then wouldn't this be a good outcome for all?
Except non current shareholders like me who will just have to try their luck on the market, presumably somewhere north of 30 cents and up to 54cents!
Granted this not a normal CR. There will be a prospectus almost...
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BDM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $262.9M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 18.0¢ | $42.59K | 234.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49178 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 5000 | 1 |
View Market Depth
| Last trade - 15.45pm 12/07/2024 (20 minute delay) ? |
| BDM (ASX) Chart |