Vanadis IPO, page-220

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Trade138

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14/10/18

20:03

Post #: 36119343
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Originally posted by asculpeous ↑

Originally posted by growler1969
How will the IPO go ahead/be successful if AEE is currently at MC $20+m?

I would expect the IPO to raise say $10m before costs; for ease of rounded numbers. If AEE gives up 20% ownership, then Vanadis has a $50m MC or $40m EV.

Why would anyone by 20% of a spin off for $10m, when they can buy 50% of AEE for the same money and get Tiris as a bonus? Obviously it would be near impossible to buy 50% of AEE without moving the SP to any great degree considering the T20 here. The point is, at current AEE MC, any IPO will be priced at a significant premium. And I cannot see a market willing to pay a huge premium to AEE.

I think management expected a far higher SP/MC when they first announced the Haggan spin-off.

You say the SP is capped. I agree to a certain extent. But in doing so, the IPO must be in doubt.

So why cap? To accumulate more? If so, then should we not expect a change in sub holder notice? Or is there a possibility the capper does not want AEE to spin off Haggan; particularly in light of the huge move in V price.

If you choose to respond; perhaps leave out emotive language such as troll/dishonest.
That is a fair question and I won't pretend to know the answer.
Using Occam's razor,perhaps it because the market doesn't recognize the value of AEE. The SP was expected to go up,but NO reason to pull the float.There may be a rapid re-rate when the proposed float becomes a reality.

Expand

Uk

https://www.google.com.au/amp/s/www...ev-battery-factory-announced-for-coventry?amp

France

https://www.google.com.au/amp/s/mobile.reuters.com/article/amp/idUSL5N1VX4TZ

Germany

https://www.google.com.au/amp/s/ars...ry-in-germany-to-supply-bmw-volkswagen/?amp=1

10!! Factories in Europe

https://newmobility.news/2018/02/13/europe-wants-least-ten-mega-battery-factories/

Germany??

https://www.google.com.au/amp/s/www...-manufacturers-fight-for-a-foothold-in-europe

Holland

https://www.electrive.com/2018/01/06/lg-augment-capacities-u-s-battery-plant/

Sweden

https://www.google.com.au/amp/s/mobile.reuters.com/article/amp/idUSKCN1IQ16Z

Haggan - Doorstep!! T

AEE Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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(20min delay)
Last 14.5¢		Change -0.005(3.33%)		Mkt cap ! $107.4M

Open	High	Low	Value	Volume
15.0¢	15.0¢	14.5¢	$76.37K	519.5K

Buyers (Bids)

No.	Vol.	Price($)
3	35487	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.0¢	82315	2

View Market Depth

No.	Vol.	Price($)
12	5175405	0.012
9	4708402	0.011
11	5696999	0.010
2	3500000	0.009
4	1475000	0.008

Price($)	Vol.	No.
0.013	1132508	2
0.014	1152736	4
0.015	4077609	10
0.016	1080476	4
0.017	1324000	3

Last trade - 16.10pm 27/11/2024 (20 minute delay)

AEE (ASX) Chart

Vanadis IPO, page-220

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