Interesting announcement. Company with a market capitalisation of $22m acquires 2 new facilities for $33m. Not one for the faint hearted.
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Interesting announcement. Company with a market capitalisation of $22m acquires 2 new facilities for $33m. Not one for the faint hearted.
Had to dig to see how the new acquisition(s) were being paid for
21,516 Million shares on issue after 10 April announcement
Net Assets $19 m Term Borrowings $30m and Occupants' creative Share of the Action on top
Just better breaking even / $152 K loss at last interim report Nov 2023
Higher interest rates likely to be causing some pain
SP $0.001 ... suppose it can't go any lower
Difficult to see any immediate upswing even up to $0.002 unless a miracle occurs or Cap reorganisation
Always the danger of a consolidation however ;)
This outfit would probably do itself a big favour by consolidating the 10's of thousands of millions of shares and probably then open up further options attracting more serious market interest on NZX IMO
AI or other listed shell opportunities (ripe for the plucking with a new direction) might be more exciting
MB'ers fairly scarce on the NZX backwaters .. not too many runaways in these parts
The Sector PH is in doesn't excite me much :)
Some players dotting the sector appear to confusing themselves & the audience as whether they are Healthcare operations or Property developers - and when the chips appear to be down in both ?
The grave danger with PHL is a share consolidation then as a small player it gets forgotten and the SP loses altitude
But I might be wrong .. looking at TAH in comparison which appears to be making good noises.
The fancy footwork to bring onboard acquisitions into PHL might in itself ring a bell or two
Grave concern is share consolidation! I think it is uninvestable until it has gone through a share consolidation. The shares trade at one tenth of one cent. If the shares rise they have to double as 2 tenths of one cent is the next tradeable amount. They need to consolidate to at least 1000 shares into one new share so we can see where the market values PHL. I am surprised the NZX does not force this. ON the NYSE (new york stock exchange) a share that trades below $1 for 30 consecutive days is in violation of listing rules and if it does not then consolidate its shares it will be delisted.
A share consolidation is indeed a grave concern. At one for ten, how long would it take for the shares to return to a tenth of a cent? How long at one for a hundred? One for a thousand?
Got a bit excited, that there might be an actual trading of shares. The last time there was a market trade of shares was May last year. Why would the company issue more shares when there is que of shares on ask side of over 200 million at one tenth of a cent. Wouldnt they better continue to buy these and then issue them as part of their share plan to employees. Its a win win, creates some liquidity, shows the market that they are undervalued, and also prevents dilution.
On one hand they can't fall any further than $0.001 .. that is unless the Fish heads get a little excited and decide
a consolidation then Cap Raise undoubtedly following that to suck in more pingers.
It's going to take a really exciting announcement (say like the majors buying everyone else out at $0.003 or $0.004, or major gold motherlode discovered hidden in a cellar) to really stoke up some meaningful value enhancement & trading ;)