You're assuming this $128m market cap company that made a loss of $108m on revenue of $60m, and bombed out of the China market, is going to attract additional investment in a cap raise of about 165m new shares (about 20% of shares on issue), to expand (open) a new market in the USA!
We'll see about that, $28m cap raise is a massive massive dilution on the current shareholders currently suffering a $0.17 share price, with no certainty it will work out. Good luck, they'll need it.
This crap has no place on the ATM thread. There is no comparison or relevance to ATM.
Interesting…First time DB has done an interview in detail since his appointment some 3 years ago. FY24E they will have circa $865mm in cash! The market believes they are looking to acquire manufacturing but a strategic alliance is more likely imo. A few multinationals will be taking a look considering they’re taking market share and have huge operational leverage once the market turns.
“ATM is trading on a 12 month forward PE of ~17x (~14x cash adjusted) and EV/EBIT of ~10x, which is in-line with similar consumer staples peers on a PE basis” Forsyth Barr
Originally Posted by bull....
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