"leading asian e-commerce group" They paid less than 30m for 3 businesses making around $45m in revenue and call themselves leading. 360m shares on issue values this close to $200m . Those who bought 115m shares in the ipo at 32c should take profits imo. Those who own the other 245m shares got them either free or paid a hell lot less than 32c
The shareholdings are owned mainly by overseas entities
Catcha Group 88,924,936 25.1% Buy Together Seller 42,270,531 11.9% Dealguru Sellers 78,099,839 22.1% Convertible Note holders 29,166,666 8.2%
I cant see the $200m valuation , they may just be profitable or not. cash around $11m , around $5m outstanding in payables over recievables.
E88 Price at posting:
54.5¢ Sentiment: None Disclosure: Not Held