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0.5¢ mighty kingdom limited

the reason the founders, lead managers and brokers haven’t sold,...

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TSpencer747

266 Posts.

44

26/04/21

15:52

Post #: 52727766
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Originally posted by Ipo411: ↑

I think this was actually priced very well, especially compared to Playside Studios. They are on track to exceed FY21 revenue target of $8m have a solid contract pipeline that will result in significantly more revenue in FY22. MKL was matching up at 46 cents before the sell orders came flying in just before day one open. The selling pressure was from one fund who had convertible notes at 24 cents that they dumped at open on IPO day. All the major backers are still in it - Regal Funds, Alium Capital and Wunala Capital have not sold a single share, neither has the founder. The lead manager (CCZ Statton) and the Corporate Advisor (Adelaide Equity) have been soaking up a lot of shares. MKL current EV/REV multiple 3.88x while Playside’s is 8.9x (trading at over 13x for most of the past 5 months). MKL HY REV $2.9m, PLY HY REV $5.8m. With the news flow coming in the next few weeks and months this stock will turn fast.

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the reason the founders, lead managers and brokers haven’t sold, is because their shares are in escrow for 2 years (mandated by ASX, not voluntarily).

it was a very disappointing IPO, hopefully the fund have finished selling and it starts to move up.

MKL Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $12.48M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$1	158

Buyers (Bids)

No.	Vol.	Price($)
11	8341321	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	8707756	4

View Market Depth

No.	Vol.	Price($)
11	8341321	0.004
14	37871850	0.003
7	19798500	0.002
4	53800000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	8707756	4
0.006	8151401	5
0.007	1550000	2
0.008	900000	1
0.009	702462	4

Last trade - 10.04am 22/05/2024 (20 minute delay)

MKL (ASX) Chart

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