If VUL go down the debt and JV route and stay away from introducing new shares then we can see massive share price growth. When dilution happens via issuing new shares you are more likely to end up with a share price like PLS’. For comparison if VUL were to not issue more shares and grow via the debt/JV method the SP would be ~$70 if they reached the MC of PLS.
I dare say VUL will issue new shares at some point but even if they double the share register between now and PLS’ level of MC, that’s still a SP of ~$35. Francis has made it clear he wants to keep the share register below 200m which means we should not see much dilution at all in this first phase to production.
If VUL go down the debt and JV route and stay away from...
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Last
$4.82 |
Change
-0.510(9.57%) |
Mkt cap ! $829.3M | |||
| Open | High | Low | Value | Volume |
| $5.30 | $5.39 | $4.82 | $6.872M | 1.368M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1832 | $4.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.86 | 1014 | 2 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$4.83 |
Change
-0.510 ( 9.31 %) |
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| Open | High | Low | Volume | ||
| $5.22 | $5.38 | $4.82 | 186013 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| VUL (ASX) Chart |