Hi,
Cervantes Seafood (CVS) is aiming to follow in the foot
steps of Sams Seafood (SSS) which moved from a $1.00 issue price to $5.00 recently. CVS are aiming to service the booming Asian market for WA rock lobster, and due to the issue being relatively small retail demand
for the float has been overwhelming (oversubscribed). The fisheries department have forecast two bumper seasons of lobster catches, and are able to predict within 2.3% of the actual catch. The company on forecast earnings is expected to list with a PE sub 10x, whilst SSS PE is listed at 65x.
The company lists at 1.00pm ESDST, and has listed options CVSO.
Any view are welcome?
Exciting New Seafood Float To Follow SSS?
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RR1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
0.001(6.25%) |
Mkt cap ! $14.86M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.7¢ | 1.5¢ | $8.133K | 507.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1431287 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 447078 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RR1 (ASX) Chart |