Yup this will either die or be taken over. I still believe it's too valuable to let die, especially since our beloved All Blacks are on Sky.
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There is a strong correlation between Hotcopper and the share price. As soon as there was a cry for help on Hotcopper, asking for a "white knight' the share price capitulated. Likewise, when there was a comment saying 'takeover imminent' the share price rallied. Don't take hotcopper lightly, it will be at your own cost.
Yep rtm ..we both jackasses
But Ogg says Enterprise Value today is about $234m (market cap $223m plus net debt $11m)
Mistatea keeps telling us market cap dropped to $82m in April ...add $160m net debt (as per SKT preso) gives EV of $242m
So market valuing SKT on a EV basis much the same as prior to the cap raise ...an apples to apples basis too ....not surprising?
Market obviously doesn’t think any takeover likely ...and also seems to think they will to struggle on ... (maybe to their eventual demise)
Hope we not jackasses again rtm...but shareprice shouldn’t fall another 20% ....should it
Maybe we need an NZX price enquiry to settle the startled horses
way over valued at 223 m market cap. expecting it to drift to penny dreadful status soon
Take into account:
1) That $87m valuation was in March. At the depths of the stock market plunge.
2) Having no debt is better than having debt from an EV assessment.
3) The company has likely made $50m+ since those numbers were released.
Market price today is effectively at all time low.