XEC 1.19% 2,129.4 s&p/asx emerging companies index

The ASX Casino- Home of the Shell Hunters, page-91

  1. 1,672 Posts.
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    Extremely cheap for such a tidy shell. At present SP, EV is roughly $1m. Was a time we would have paid a hefty premium for such a prime Otsana low EV vehicle.
    Pros: very clean shell with clear Otsana control
    Has always stated that it's business plan is acquiring a portfolio of tech companies through acquisitions, so ASX can't have a problem with allowing future tech deals like it does with many other shells.
    Faldi has many contacts and even an office elsewhere () to source excellent tech projects.
    Cons: Otsana on the nose currently after the corporate antics that killed SVT and led to the strangling of GMV. And of course DTZ coming off the boil and CR8 hovering just under raise price (altho mkt so quick to forget it rallying all the way to 11.5c....). But at an EV so low with a pretty ripe amount of cash I think it can definitely deliver. And Faldi is going to want to make this one count to salvage his reputation IMO. Same goes for MHM although there the EV is ridiculous and actually negative as I understand after sale of KIN shares.
    Interesting times for Otsana. Who among us would have predicted it 6 months ago...
 
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