what their balance sheet would look like after the sale?
They paid $11.5m in interest and depreciation, the interest rate on that 18m was north of 10%, their 15yrs of leaseback can't be more than 7% rent, so that's 4-5% savings to start with. and less D&A on $31m assets as well.
They have $29m net assets on the book, all liquidable. $16m market cap for a 10% Australian egg market seems low to me.
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Last
28.0¢ |
Change
-0.010(3.45%) |
Mkt cap ! $64.62M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 29.5¢ | 28.0¢ | $11.66K | 41.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 78138 | 1 |
View Market Depth
| Last trade - 15.54pm 28/07/2025 (20 minute delay) ? |
| FRM (ASX) Chart |