SLC 5.94% $2.14 superloop limited

I have a slight issue with this.. while retailers have the right...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 5,909 Posts.
    lightbulb Created with Sketch. 88
    I have a slight issue with this.. while retailers have the right to buy in which I like at the same price as insto's, this was the comment from the recent acquisition:

    "Consideration
    Consideration for the strategic acquisition includes $7.0 million in cash plus $3.0 million in Superloop shares at an issue price of $2.457, being the volume weighted average price for the 30 trading days to 6 September 2017. The cash component will be funded from Superloop’s cash reserves and available debt facility. "

    So, they tell us like a week ago it will be funded from existing cash and debt facility and now they have changed their mind.  I would be annoyed if I was NuSkope as they have been issued shares at at 2.45 and now they have just been diluted by Superloop.

    In saying that, looking at their appendix 4E, their current liabilities certainly exceeded current assets so in some way not surprised by this CR, but still, saying one thing and then doing another is not a good look.
 
watchlist Created with Sketch. Add SLC (ASX) to my watchlist
(20min delay)
Last
$2.14
Change
0.120(5.94%)
Mkt cap ! $897.5M
Open High Low Value Volume
$2.05 $2.17 $2.04 $5.413M 2.555M

Buyers (Bids)

No. Vol. Price($)
2 9541 $2.13
 

Sellers (Offers)

Price($) Vol. No.
$2.15 28553 3
View Market Depth
Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
SLC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.