AXI 0.00% 7.0¢ axiom properties limited

AXI Charting

  1. 4,646 Posts.
    lightbulb Created with Sketch. 430
    Only 432M shares. T20 hold 85% meaning only 56.83M total shares on the float available for mere mortals like us here eek.png

    Market Cap is $30M. Just did an acquisition worth $80M, been paid already $23M for it, and they already had around $6M cash biggrin.png

    If we hypothesize a Market Cap of $80M closer towards fair value of cash on hand + value of assets, this should put the stock price at 0.185c

    Currently on a technical breakout
    reclaiming the highs from 2015! Not many traders have recognised an uptrending chart like this which could at any time revisit it's 14c recent highs it just made abit over a month ago. We must sit and let the trend take us on a swing wink.png

    https://hotcopper.com.au/data/attachments/2703/2703508-001abb2e3cc3b219ef078427db37ef9d.jpg

    https://hotcopper.com.au/data/attachments/2703/2703510-a2113f3d8a89f4ba504d32dc01f8020f.jpg

    https://hotcopper.com.au/data/attachments/2703/2703518-44d14684bec2149714c2497782da5a5c.jpg

    https://hotcopper.com.au/data/attachments/2703/2703512-cce85e0423842a1594ea256fb42cf653.jpg
    Last edited by Cheeky-Charm: 03/12/20
 
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