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greenandblue

383 Posts.

65

30/04/24

16:59

Post #: 73589502
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Originally posted by Surfguy: ↑

Largely retail investors valued ISX at approx $2 Bill before one of the biggest short raids on the ASX. Many of those shorts are probably trapped as evidenced by 24/7 negative posters for 4 5yrs. This adds a level of intrege to any listing.
With further growth in 2 qtrs added to this stunning result there is a case for a valuation of $3-7 Billion IMO.
Institutional investors would likely be around 3- 5bill and retail up to 7bill.
ISX is a far better company and investment now than when it left these shores. It has definite exponential growth possibilities with new capital that an IPO would bring. The negative press and corrupt regulatory overreach that may have affected an IPO has faded with every qtr of results that destroy that narrative.
A listing result will be hard to quantify due to global market conditions however as the date becomes fixed we should have some indication as to whether we can expect a low or high result. Pretty sure there will be plenty of interest if the numbers improve from here as expected.
One thing is for sure the 98.5% of eligible holders who voted to demerger and fly the chicken coup filled with foxes were 100% correct.

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SP1 Price at posting: $1.07 Sentiment: Hold Disclosure: Held
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