Australia's largest stock trading and investment forum Australia's #1 stock forum

LAT

Click for more information

22.2%

7.0¢ latitude 66 limited

Post consolidation price, page-8

First 8 Last

Share
Profile

Follow
stance

211 Posts.

13/06/14

15:15

Post #: 13522009
Share

Originally posted by starstreak ↑

Who said the newly formed stock (MigMe) will come back on the boards at 20c??

FIH have jumped on board with a post consolidation price of 20c. This is at a discount to the current market price but then they are a massive, massive partner to have onboard.

Consolidation as announced is five to one so there will be only a fifth as many shares out post consolidation in the new company. It follows that the price will move five fold as the reciprocal. Hence your shares are worth the same total but you will only have a fifth of what you had previously and they are worth five times more per share.

At today's price the post consolidation price will be 35c. The price history charts will be wiped and we will have a tad over a quarter million shares on issue.

This all assumes the RTO goes ahead next week.

Check out YY and Tencent for where this thing may go over the coming years.

Expand

So a conversion at todays price with 5 fold interest, the share price should eventually move to $1.75

LAT Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 46, 2024

RSG

Resolute Mining down -10% on first US$80M payment to Mali's government

There are more pages in this discussion • 1 more message in this thread...

First 8 Last

Add LAT (ASX) to my watchlist

(20min delay)
Last 7.0¢		Change -0.020(22.2%)		Mkt cap ! $15.68M

Open	High	Low	Value	Volume
9.0¢	9.0¢	7.0¢	$43.28K	567.1K

Buyers (Bids)

No.	Vol.	Price($)
1	71428	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.5¢	55780	1

Last trade - 10.17am 18/11/2024 (20 minute delay)

LAT (ASX) Chart

SPONSORED BY