RAD - Radius Healthcare

[ralph]

Be interesting if book build only gets 50 cents …….last share price 90 cents

Seems a good deal then you could sell on at a profit and be a winner

[flyinglizard]

too expensive, a long way to drop to fair value

[Jantar]

I am not brave enough for this one.

Neither am I. I looked at it briefly, but can't really see any upside to their earnings.

[ralph]

Dipped me toe not expecting a multibagger ,but I reckon here be a profit there .

[Joshuatree]

No. If your expecting further expansion, then access to equity capital or debt securities, then a listing can be helpful.

Quote Wiremu "With the current NZX rules a two-stage listing makes sense in relation to costs: 1st a clean and tidy compliance listing (no need for a back-door listing with the extra costs and complications that brings - TIL/Bethunes as an example) and 2nd, some months after listing, a fundraising offer with the market having by then established a price range.

If I'm right Radius Care is setting a pattern that we will see repeated by others in future."

Spot on guys.We wont know if management who owned practically all of the shares on listing are participating in this, you'd think they would if they backed the company , esp @ 50c and to avoid big dilution, we will see. I opted out of the opp.

[ralph]

It will be interesting to see what happens when trading is resumed

[Joshuatree]

Good luck mate,you could prove us all wrong,although there may well be a few lurkers here dissing it whilst contacting Craig's etc and hoovering up all they can.It is the newest and lowest quality stock in its sector yet to prove itself.

[Scrunch]

[QUOTE=ralph;894342]It will be interesting to see what happens when trading is resumed [/QUOT. E]

Well despite the large discount to the closing price, this cap raise will increase assets per share. As at 31 March 2021, RAD had net assets of $24.093m with 176.465m shares on issue. Net assets pre raise were $0.137

Assuming the full $50m is achieved at 50c, this will become $74.1m of net assets with 276.465m shares on issue. Net assets have increased to $0.278. Issue costs will then take this down a little bit.

Disc don't hold

[Scrunch]

[QUOTE=ralph;894342]It will be interesting to see what happens when trading is resumed [/QUOT. E]

Well despite the large discount to the closing price, this cap raise will increase assets per share. As at 31 March 2021, RAD had net assets of $24.093m with 176.465m shares on issue. Net assets pre raise were $0.137

Assuming the full $50m is achieved at 50c, this will become $74.1m of net assets with 276.465m shares on issue. Net assets have increased to $0.278. Issue costs will then take this down a little bit.

Disc don't hold

[flyinglizard]

Pb ratio
oca 1.26
arv 1.45
sum 2.25
rym 2.375

rad over 4 after new share issued

why buying a leasehold at a super high price, rather than holding freeholds at lower prices.