Hi mate
The market cap of the company was $13 million at that time, so the value of the company / business has quadrupled but the share price hasn’t due to capital raise dilution.
Equity dilution, especially when done at steep discounts to intrinsic value, is a killer of shareholder return. The biggest “ gift” BRK can give its shareholders is continue to grow the business, whilst at the same time buy back as much stock as possible when excess capital is generated.
Thankfully , this is the plan presently articulated. The recent 5% repurchase was a good initial first step in unwinding the dilution. More importantly, the business will grow in material steps with the development of each DSU.
Cheers
Dan
Hi mateThe market cap of the company was $13 million at that...
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.50M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $20.69K | 1.829M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 38655196 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 9878349 | 18 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| BRK (ASX) Chart |