Warning: This post contains a contention which the timid, the nervous, the cautious, the "value-challenged", the procrastinators and the "minute-by-minute" share market watchers may find both confronting and fearful.
If this is YOU...read no further!
You see, putting my marketing cap on (and by geez I wish ESG would put their's on soon), I'd use a screamer headline for ESG as follows:
"When You Buy 1 ESG Share From The Bank Of Value We'll Give You 3 FREE and a 20 cent coin as Well!
Offer ONLY available from the Bank of Value!"
Now, please note, I am not recommending you do this without financial advice...besides the "Bank Of Value" doesn't exist physically...yet the same offer is available on the ASX right now and I can prove it to you:
(1) Our likely 2P upgrade in the very near future is 1,818 (65% of the 2,797 2P as recently announced)
(2) Market transactional metrics per GJ are varied from $4.91 to $1.74....but let's be as conservative as a boring chartered accountant wearing a plain white shirt and a thin black tie and say $1.50 (3) ESG shares on offer (and let's throw in the 39m of employee options) = 903m
Hocus Pocus!
(1,818 X $1.50)divided by 903 = $3.02 per share
Last timne I looked the SP was 72 cents.
So, the Bank Of Value says to yuou...
Pay me 72 cents now and I'll give you $3.02 of value redeemable at some time in the future.
Isn't this the same as Buy 1 get 3 free...and okay, I fibbed...
I said you'd get a 20 cent coin as well.
It's only 14 cents!
I've ripped you off...but how good do you feel!
ESG Price at posting:
73.5¢ Sentiment: Buy Disclosure: Held