In a year or two they may have assets with a market value of 40 cents per share. They can then monetise those assets and pay out the shareholders all the funds, except for what they need to wind up the company.
Those who will have stuck with TPR from its IPO will have made a profit and feel better after what looked like a very silly investment for a long time.
At least the management know how to invest wisely in other companies.
I told my broker who tried to get me in on the IPO that Victorian based goldies were a very good place to bury some money, but that I had already made my full contributions (BDG and LVR were losers for me while I was lucky to escape with a profit from MCO).
Looks like they are not afraid to borrow some money to take up the SPP, and are already in profit on that deal.
loki
odd, page-5
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $158.6M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.5¢ | 14.5¢ | $16.40K | 110.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 272631 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 134352 | 3 |
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| Last trade - 15.38pm 27/09/2024 (20 minute delay) ? |
| MCA (ASX) Chart |