Thought I'd check back in after getting my email today.
7.5c in the old. What an offer. Based on the FY24 projections in the same email, that's an offer of 4-5x profit. That's not brilliant, that's for sure.
I think JK is an evil little SOB who's used us as a piggy bank for years, but even I still value the company somewhere around 20-30c in the old.
No recommendation. Unsurprising really. They want you to take it, which is why they've spruiked it everywhere, but they can't say it's what the company's worth, because that would contradict just about everything they've ever said about the company being worth billions.
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Thought I'd check back in after getting my email today.7.5c in...
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