Stard, thanks mate for your informative details. Vested Equities...

First 7 Last

Share
Profile

Follow
williak

5,354 Posts.

21

06/02/17

10:58

Post #: 22393214
Share
Originally posted by stardestr0yer ↑

$1... I was informed that a major institution wanted to bail on their allocation just before listing and broker declined to let them out and as such they dumped on market. I would say many are selling at a loss because they feel there is money to be made elsewhere. Turnover from my point of view is very low daya on day (a few hundred k at most). However from my point of view no negative news has come out and they have actually implemented stuff ahead of guidance. From the last quarterly:

Integration of initial eight businesses is progressing as planned with synergies tracking ahead of pre-IPO expectations

 Intercompany trading between aggregated businesses, and distribution of products and services nationally supported by a coordinated Marketing strategy has commenced.

 Growth opportunities identified and enthusiastically supported by ASG management team

 Common financial reporting platform and controls processes implemented across all businesses in first two weeks of ownership

We really need a trading update in regards to the finances but the issue is that they have only been trading for 1 month. If they meet or exceed their guidances then based on their PE in the prospectus this thing should be trading in the mid $1 range as per Vested updated analysis.

View attachment 448082

Expand

Stard, thanks mate for your informative details. Vested Equities target is $1.40
4WD Price at posting: 87.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 6 more messages in this thread...

First 7 Last

Add 4WD (ASX) to my watchlist

Stard, thanks mate for your informative details. Vested Equities...

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up