Thanks Miner
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Capital raising... https://www.nzx.com/files/attachments/213911.pdf
0.61! per share, what does everyone thing? 2 shares for every 11...
What does everyone think?
I think the year end result is not bad considering its revenue surge in US from 95K to 1.8Mil. I know this is small but it is a good start in US.
I am optimistic about it.
Not sure if the result is good enough for the right issue though.
Entirely predictable.
Next prediction - sp will drift to 62c, held up only by underwriters .
Only company I have seen where receivables are growing more than sales! Leave it to the MAC's of the world to figure that one out. :D :D :D
From just skimming I dont see any mention of a time line on KP--I think this has raised more questions than answers ---There will be no shortage of things to talk about for some time.
Why didn't they announce the rights issue at the same time as the results. Rights issue announcement came out at 9.55am, 50 minutes after the results. Some people had already entered buy orders based on results announcement. I suspect some of those may have not put in the buy order if they knew the rights offer was coming.
I believe the long term fundamentals are still there, although I find it amazing how many people will sell for a 'quick buck', nice that it is fully underwritten, although I don't think they will have any trouble selling them...