although only for 175 shares i now notice...???
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although only for 175 shares i now notice...???
175 shares at 80c plus brokerage of a minimum of 29.90 costs just over 97c per share. Why would you do it.
And I always take into account buy and sell brokerage so that makes it $1.14 breakeven. Not something I would do.Quote:
quote:Originally posted by 777
175 shares at 80c plus brokerage of a minimum of 29.90 costs just over 97c per share. Why would you do it.
Cheers Bling, a 'look' at 10c is very generous of you! The disappointing thing here is that the product is actually good, but now management/governance/owners look both greedy AND foolish which I think means we have to discount the company even further than before the IPO.
Onthemoney.
$500,000 - now that's a bit cruel!
Let's say we took over BF and just wanted to lie on the beach! Hence we built no more stores.
22 current stores @ an average of $1m sales each - taking 6% royalty = $1.32M
Take out say $500K for Head Office functions: GM, marketing person, a couple of admin and a couple of op's people. That leaves us with $820K. But then we also own a couple stores ourselves so lets add a conservative $250K for that. So that takes us back over $1M EBITDA pa.
So even with your PE of 3 we would be paying quite a bit more than $500K!
In regards to the "too far away from market" I wonder if we each stacked bid orders behind the 85c order, and then subsequently each other, if we could then get to a 10c bid? THEN those above 10C remove their order - would the 10c order be permitted to remain?
FTG my thoughts were based on the current situation....
OTM.
Yep that's the way I took it.
If you took the current situation there wouldn't be much that needs changing - other than a lot of bluesky spending on trying to grow the business quickly. I would imagine the HO infrastructure I mention above is already in place.
Shrewd Crewd has posted 4 times on this topic today despite earler saying it was not worth posting on - duh
A lot of the current stores are being propped up by the vendors.
Really!?
How do you know that?