RFL 0.00% 16.5¢ rubik financial limited

ready to move? , page-7

  1. 95 Posts.
    My take is weaker SP reflects the capital increase dilution (imho and dyor). The capital raised was increased over the initial amount sought given the oversubscriptions. The new capital needs to be utilised at a profit contribution.

    Any price over .44 is a profit so some sell downs have resulted. I expect this activity will ease and SP reflect the news of the mortgage and its business impact on revenue. With a PE of 48 (e&oe)the market is expecting growth.

    GLTA.
 
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