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01-04-2020, 11:51 AM
#1311
Originally Posted by silverblizzard888
Yes their seems to be some confusion by some posters, it is indeed 1.2 shares for every 1 share held. Massive dilute, be prepared for a bit of a sell off.
So that would make the TP, (112+1.2*50)/2.2 which equals 78.2 cents. Have not checked to see if this math is correct though.
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01-04-2020, 11:52 AM
#1312
Originally Posted by blackcap
So that would make the TP, (112+1.2*50)/2.2 which equals 78.2 cents. Have not checked to see if this math is correct though.
Existing shares = 295,073,217
New shares to be offered = 354,087,860 + $30 million in under writing (= 414 million stated in the documents )
totaling 709,152,077 shares
Closing market value = $330 million + $207 million = Market value of $537 million or 75.7 cents a share
*your equation missed out the under writing cost
Last edited by silverblizzard888; 01-04-2020 at 12:21 PM.
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01-04-2020, 12:02 PM
#1313
Originally Posted by silverblizzard888
Yes their seems to be some confusion by some posters, it is indeed 1.2 shares for every 1 share held. Massive dilute, be prepared for a bit of a sell off.
Originally Posted by macduffy
I think the issue is 1.2 shares for 1, not 1 for 2.
macduff and you are right, of course!
Man alive - that makes it almost on par with the infamous Fletcher Forests capital raising all those years ago.
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01-04-2020, 12:15 PM
#1314
Originally Posted by silverblizzard888
Existing shares = 295,073,217
New shares to be offered = 354,087,860 + $30 million in under writing (= 414 million stated in the documents )
totaling 709,152,077 shares
Closing market value = $330 million + $177 million = Market value of $507 million or 71.5 cents a share
*your equation missed out the under writing cost
I was only working on SP. Your equation does not add the $30m to the market value. So mkt value of $537m or 75.7 cents per share.
But its all theoretical anyway. No way the SP stays in the 70's once the 60m shares issued at .50 come onto the market.
Last edited by blackcap; 01-04-2020 at 12:17 PM.
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01-04-2020, 12:17 PM
#1315
Originally Posted by silverblizzard888
Existing shares = 295,073,217
New shares to be offered = 354,087,860 + $30 million in under writing (= 414 million stated in the documents )
totaling 709,152,077 shares
Closing market value = $330 million + $177 million = Market value of $507 million or 71.5 cents a share
*your equation missed out the under writing cost
Last line ...what about the $30m
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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01-04-2020, 12:19 PM
#1316
Originally Posted by blackcap
I was only working on SP. Your equation does not add the $30m to the market value. So mkt value of $537m or 75.7 cents per share.
But its all theoretical anyway. No way the SP stays in the 70's once the 60m shares issued at .50 come onto the market.
Opps wrote that a bit too quick, yup better add in that extra $30 million
Closing market value = $330 million + $207 million = Market value of $537 million or 75.7 cents a share
Last edited by silverblizzard888; 01-04-2020 at 12:20 PM.
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01-04-2020, 12:23 PM
#1317
Share price was $3.64 not that long ago.
Hype from growth by acquisitions quickly dissipates when the tide turns ...bubble bursts
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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01-04-2020, 12:40 PM
#1318
Originally Posted by winner69
Share price was $3.64 not that long ago.
Hype from growth by acquisitions quickly dissipates when the tide turns ...bubble bursts
The $1.80 offered by Rod Duke looks good now too!
Fact that he has not moved to do another takeover speaks volume of how he sees things?
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01-04-2020, 12:49 PM
#1319
Originally Posted by Balance
The $1.80 offered by Rod Duke looks good now too!
Fact that he has not moved to do another takeover speaks volume of how he sees things?
I thought at the time the $1.60 was a pretty generous off.
Been outrageously ever since.
Wonder if Rod will fork up this time?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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01-04-2020, 12:52 PM
#1320
Originally Posted by winner69
I thought at the time the $1.60 was a pretty generous off.
Been outrageously ever since.
Wonder if Rod will fork up this time?
Rod said thanks but no thanks for the offer.
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