TWH 0.00% 1.2¢ tw holdings limited

Ann: Fully Underwritten Rights Issue & Appendix 3B, page-4

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  1. 13,066 Posts.
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    If we look at the other CPS shells in the last couple of months:

    PSF went from 007-2.4c and an mc of ~$15M

    CCZ went from 002-006 and currently $5M mc

    If we use the midpoint, say $10M, we're looking at ~1.6c, which is a 4-bagger
    If it only does as well as CCZ has so far, it's a 2-bagger.
    CCZ might add another pip or two tmrw, with JP coming back on as a SH, as per notice given.

    Either way, should be a low risk play as far as shells go, unless the market throws a wobbly.
 
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