VCR ventracor limited

what price?

  1. 22,691 Posts.
    Let us look at it from the empirical view: The share price reached a high of $3.14 just prior to the placement and apart from reaching $3 at one point after the Trading Halt, settled at about $2.90, a difference of 24 cents.

    It then drifted down taking into account the cash issue to come. Subtract 24 cents from $2.90 makes it $2.66.

    However, there could be later a lift due to the massive amount of cash having come in from the placement and cash issues. Add to that the over $10 mill. cash already held and you are looking at about $75 mill. cash after costs.

    I am not really in favour of cash issues in this case as it takes quite some time before the market settles down.

    Gerry
 
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