Accumulating a bit before ASX listing because I know it’s going to get hyped.
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Accumulating a bit before ASX listing because I know it’s going to get hyped.
Agreed. I'm most likely going to buy a couple more lots this week to top up also. PLX SP has been trading in a narrow 3c-4c sideways channel for a little while so little action to be seen but promising that there are few weak hands and more ASX listing holders keeping the SP steady. I love a good speculative play!
NZ offer should be announced this week.
Also a high possibility that some new ‘good news’ accompanies the ASX IPO, to spruik the listing, put some hype into it. Gotta get the Aussie punters and instos fired up!
Best part is anticipating whether existing shareholders get a chance to participate at a discount to market. That’s what has put a cap on the recent SP action imo. Basically now you’re buying a bet that you can buy more at a discount. If you’re buying now, maybe keep some cash reserves aside for the ASX IPO.
Exciting times!
My neutral DCF valuation at $1.46 is looking good now. Pessimistic was $1.06 and optimistic is $2.6 per share.. I’m feeling optimistic now, especially with the ASX listing lurking...
Remember Should the Company decide to proceed with the IPO, it is expected that any IPO offer will open in late September/early October with the ASX listing (and NZX secondary listing) in place by late October/early November this is why i am strongly suspecting the offer this week if not absolute latest next week.
Are there any barriers to regulatory approval?
Dam I was just arranging some funds this week to place a buy before this happened. Oh well.....