from AFR:
an upcoming ASX IPO company Triad Life Sciences was valued at $500m but the IPO plan was halted because its board is considering a takeover bid with 30% premium, giving the company an implied value of $650m.
taking an extremely conservative approach, assuming ARX is same as Triad, this alone will give ARX a sp of above $1.9 and moreover:
I have checked Triad website and find limited info (I personally feel much of it just bluffing and lack of substantiation). have a look urself.
my understanding is Triad, as a later comer, has not (or just planned to) commercialize its product, whist ARX has a range of commercialize products with proven effectiveness, a deployed and active sales team, distribution contracts with reputable distribution network, high gross margin, stable royalties, no debts and no capital raising on the road to profitability.
I do think ARX cap should be much higher than $650m valuation given to Triad. I think ARX is a hidden gem sooner or later to be found by more investors.
DYOR AND GLTA.
Come on finish $5 plus, page-38
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Last
49.0¢ |
Change
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Mkt cap ! $168.6M |
Open | High | Low | Value | Volume |
49.0¢ | 50.5¢ | 49.0¢ | $84.41K | 170.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 93000 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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49.5¢ | 2536 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 93000 | 0.485 |
8 | 32203 | 0.480 |
5 | 42594 | 0.475 |
6 | 49235 | 0.470 |
1 | 43010 | 0.465 |
Price($) | Vol. | No. |
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0.495 | 2536 | 1 |
0.500 | 42521 | 2 |
0.505 | 7690 | 3 |
0.510 | 34563 | 3 |
0.515 | 12790 | 1 |
Last trade - 15.50pm 24/05/2024 (20 minute delay) ? |
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Last
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Open | High | Low | Volume | ||
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Last updated 12.41pm 24/05/2024 ? |
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