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
61.5¢ |
Change
0.005(0.82%) |
Mkt cap ! $211.6M |
Open | High | Low | Value | Volume |
60.0¢ | 61.5¢ | 58.5¢ | $131.2K | 218.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3948 | 58.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
62.5¢ | 10800 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3948 | 0.580 |
1 | 13913 | 0.575 |
3 | 23067 | 0.560 |
1 | 100000 | 0.555 |
2 | 17735 | 0.550 |
Price($) | Vol. | No. |
---|---|---|
0.625 | 10800 | 2 |
0.640 | 8508 | 1 |
0.645 | 16108 | 2 |
0.650 | 63491 | 3 |
0.655 | 29999 | 1 |
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