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13.0¢ longtable group limited

Ann: Maggie Beer Acquisition and Capital Raising Presentation, page-77

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rgeex

6 Posts.

12/03/19

07:22

Post #: 37727411
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Originally posted by Bearwolf: ↑

So you are suggesting that a company with circa $80 million in assets, $50 million in sales and virtually no debt (current Longtable position) would be valued at about $10 million. Not terribly likely is it? I agree the current share price is equally as ridiculous but it's not happening on any real volume. Most likely old Primary Opinion sellers who thought they were going to make a fortune in 5 minutes. Or perhaps it is just some bigger guys shaking the tree to see what easy pickings fall off. Ask yourself this. Who would be selling at these prices and what would their motivation be? Selling before Wednesday is enusuring a major capital loss and also passing up the right to acquire shares at 20c. Seriously. Why would anyone do that other than to try and spook others into selling?

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your figures look a little "rubbery", certainly they do not match the LON Financial reports.

LON Price at posting: 21.0¢ Sentiment: Hold Disclosure: Held
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