Have crunched some numbers this morning... Taking the SP at date of investor presentation (0.011) - 07/05/2020 Adding the under subscribed shares from the SPP (0.008) - 10/06/2020 Gives us a merged market price of 0.0109.
Adding the deals since the presentation: 1. First Asia Purchase +$1.1mill sales 2. Follow up Asia +600k sales 3. Coles Roll out +2.0mill sales 4. CARE Deal +1.0mill sales (Y1) - minimum... based on target market could be considerably more. TOTAL DEALS: $4.7mill SALES. Assume revenue 3.775mill +/-
This would give additional EPS of $0.00335.........+/- and current realised SP of 0.0143 or upside of c.50%
Appreciating the cap raise was a flop, BOD have been trying to extract value out of the spas since the investor presentation, I strongly believe patience will be rewarded here...
Learning as we go...... open to comments?
, Mug
WNB Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
