I agree. Reasonable first day of trading (up 15% not including value of the options). Not bad considering a bit of a dogs breakfast for a register (top 20 only hold around 39% of shares) and probably some IMI holders taking the opportunity to exit.
Market cap of $8.6m (or a little under double that fully diluted) with net cash of $3.5m gives an EV of $5.1m. PKD with no revenue has a market cap of over $16m (undiluted). Plenty of room for upside if they can win some substantial contracts over the next few months.
I agree. Reasonable first day of trading (up 15% not including...
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Last
0.6¢ |
Change
-0.001(8.33%) |
Mkt cap ! $12.49M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $1.362K | 257.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 17381545 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 9865793 | 4 |
View Market Depth
| Last trade - 10.57am 26/11/2024 (20 minute delay) ? |
| BPP (ASX) Chart |
