Hi Guys
Just doing some basic calculation (correct me if I am wrong). When investing in a company I always look at the market cap of the company first. Current market cap of FMS at todays closing price of 0.032 cents is approx $58.46 million which is cheap in my book.
Now adding the 574 million shares after the cap raise the market cap at the current price of 0.032 cents will be approximately $76.83 million. This is still unbelievably cheap IMO.
Now the entitlement issue record date is the 17th of March 2014 so after this date if the share price is still at 0.032 cents then I will swim naked down the yarra river. Surely the market cap should be at least $150 million plus.
Opinions?
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Mkt cap ! $173.8M |
Open | High | Low | Value | Volume |
87.5¢ | 87.5¢ | 87.0¢ | $3.589K | 4.103K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1795 | 87.0¢ |
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Price($) | Vol. | No. |
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88.0¢ | 20000 | 1 |
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No. | Vol. | Price($) |
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1 | 1795 | 0.870 |
1 | 5753 | 0.860 |
1 | 882 | 0.850 |
1 | 10000 | 0.840 |
1 | 15 | 0.830 |
Price($) | Vol. | No. |
---|---|---|
0.880 | 20000 | 1 |
0.885 | 602 | 1 |
0.890 | 2368 | 1 |
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0.950 | 8667 | 1 |
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