Hi wombat777 - I know this post is a bit old, but I am looking into ADN and FYI and I liked your analysis here. One thing I was thinking about however is the fact that even though it seems that ADN has much better earnings for dollars spent, the market cap is 4x more. Given this, do you still think ADN is a better investment than FYI?
If FYI has to raise 300M through equity, then does that mean that effectively the 'price' of this business is 340M? (adding in the 40M market cap) If this is not too much of an oversimplification, then it seems that FYI is 200M EBITA for a 330M price tag, whereas ADN is 50M EBITA for a 18M + 162M = 180M price tag. This makes FYI look like a better deal?
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $23.75M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $368.7K | 52.18M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
38 | 15737810 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 18747793 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
38 | 15737810 | 0.006 |
19 | 13023333 | 0.005 |
5 | 6475000 | 0.004 |
6 | 9446666 | 0.003 |
5 | 9400498 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 18747793 | 7 |
0.008 | 9726814 | 13 |
0.009 | 18171694 | 19 |
0.010 | 7777806 | 10 |
0.011 | 14987431 | 7 |
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