i think IPO'ing LS & selling up to 49% of it, provided we make a healthy cash return, is by far a better outcome than a CR around the current SP, which would see us be massively diluted! so instead of a CR, IPO'ing LS would solve many issues already mentioned, plus ICI would still retain a large holding in LS should it continue to do well, we will still be a part of that journey:the market currently values the whole of ICI at $57m & i think LS alone is worth more than that; so if we can spin LS out from ICI at a much higher valuation, which i think will be easily achieved given it has grown so much & performed very well ($7.7m profit last FY), we should lock-in some profit by selling a non-controlling stake (sub 51%) to fill up ICI's coffers with cash again while also injecting LS with new capital, & access to more capital from a likely more favourable market compared to Australia
win win
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Last
2.3¢ |
Change
0.001(4.55%) |
Mkt cap ! $30.93M |
Open | High | Low | Value | Volume |
2.2¢ | 2.3¢ | 2.2¢ | $3.904K | 175.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23500 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 533851 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 23500 | 0.021 |
4 | 475627 | 0.019 |
4 | 160499 | 0.018 |
2 | 300000 | 0.017 |
1 | 113437 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 533851 | 6 |
0.024 | 634080 | 3 |
0.025 | 500000 | 1 |
0.026 | 30000 | 2 |
0.027 | 47000 | 1 |
Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
2.3¢ |
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Change
0.001 ( 4.55 %) |
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Open | High | Low | Volume | ||
2.2¢ | 2.3¢ | 2.2¢ | 116046 | ||
Last updated 14.51pm 26/04/2024 ? |
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