Decent buying pressuring popping up when someone's keen to offload so not all one way sailing. Think it's the patient buying shares off the impatient but after a run up of over 300% you can blame those profit takers. The recent 25% aquisition of the Chilean rose hip producer shows these guys are thinking longer term and thinking big (the risk clsa produced in the recent analyst presentation was a worldwide shortage of Rosehip oil may hinder trilogy's growth). Further market penetration of the trilogy brand in Aussie and worldwide will make or break this company. Assuming the natural skin care market continues to expand as does trilogy's market share this really could be an international success storey assuming a multinational cosmetic company doesn't buy them out.
Agreed. This is a proper way to do a selldown - transparent, underwritten and no hidden agendas.
Yes indeed
My high growth $6.35 valuation reduces to $5.90 odd with the new shares ......but then more cash to spend and an ASX listing gives me more comfort around my numbers
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
My high growth $6.35 valuation reduces to $5.90 odd with the new shares ......but then more cash to spend and an ASX listing gives me more comfort around my numbers
Agreed, good move by them. ASX listing could draw wider investor exposure and better prospects. Looking to participate in capital raise, may not get much due to paltry allocation of $5 mln public pool.
$20mil placement and $5mil SPP.
Don't think we will get many with only $5mil to be raised from the SPP.
Very positive however that the capital raise is at $3.70, and the extra capital should strengthen the balance sheet.
With the increased free float we may see more interest in TIL from brokers.
At this early stage I doubt I will participate in the SPP,as I hate putting up thousands of dollars just to get a few hundred dollars of shares.Also it would take up average cost to over a dollar ps..
Capital raising at $3.70, its very close to the $3.81 per share that I thought it was currently worth, so I think the company has a similar fair value model as me. My valuation basis was 50% growth going forward for the main business, so I think the company sees themselves growing around this rate.
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Originally Posted by Balance
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