Ang that 2014 date has already been pushed back to 2015 in a more recent announcement by the company. And from past experience I cant see that deadline being met.
Now Ang without wanting to put a dampener on things lets look at your statement of $2.50 a share. Lets compare FMS to FMG just as an exercise knowing that FMG is well in advance in every aspect.
FMG have 3.1 billion shares on issue and have a market cap of 17.56 billion dollars.
FMS have 1.8 billion shares on issue and have a market cap of 373.4 million dollars. For FMS to be valued at $2.50 a share their market cap would be valued at 4.5 billion dollars which is $1.4 billion dollars more than FMG currently. In my view this is impossible to happen and don't forget FMS will need a heap more cap raisings as you cannot simply lend money against reserves any more you have to put up a substantial amount of cash first and then lend the rest. This would result in further dilution of shareholder value making it even more impossible to reach those $2.00 plus figures.
All I am trying to do here is put a realistic view on things, there's no point throwing $1.00, $2.00 or whatever out there when realistically its virtually impossible to achieve. These are my views only and please if anyone see holes in my calculations let me know.
- Forums
- ASX - By Stock
- RHK
- quarterly
quarterly, page-17
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RHK (ASX) to my watchlist
|
|||||
Last
82.5¢ |
Change
0.043(5.43%) |
Mkt cap ! $164.8M |
Open | High | Low | Value | Volume |
82.5¢ | 82.5¢ | 82.5¢ | $1.592K | 1.93K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 75.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.0¢ | 2100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 0.750 |
1 | 25 | 0.740 |
1 | 1493 | 0.670 |
1 | 20000 | 0.660 |
1 | 10000 | 0.650 |
Price($) | Vol. | No. |
---|---|---|
0.830 | 2100 | 1 |
0.885 | 4999 | 1 |
0.890 | 9868 | 2 |
0.910 | 20000 | 1 |
0.950 | 915 | 1 |
Last trade - 12.30pm 06/09/2024 (20 minute delay) ? |
Featured News
RHK (ASX) Chart |