MEM 10.0% 0.6¢ memphasys limited.

targeting 60c per share with growth, 8 baggers, page-3

  1. 3,646 Posts.
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    add: SP will break 15c very soon, could be this or next week imv.

    Not only because today's announcement: investors will buy 50% of PrIME for $23m, indicating NSP's free carried remaining 50% is worth $23m, or 21c per share.

    But also because I expect our investors like Luye Pharma Group will start buy NSP shares on market to average down its investment costs.

    Luye Pharma Group already paid $4.6m for 10% of PrIME a subsidary of NSP.

    Say if it can buy 11m shares on market from 7c to 15c, (average at 10c), Luye Pharma Group will hold 10% of NSP at cost of $1.1m, to get further indirect 5% of PrIME at 50% cheaper costs but sharing 10% other investment benefits like the promising SpermSep project and so on.

    Even if Luye get 11m shares at average 20c per share by spending $2.2m, you can work out it's still cheaper cost than today's $4.6m investment cost, the more important is Luye can increase it actual holding in PrIME.

    NTU is a good example, when LYC started to buy NTU on the market, NTU soared 1000% since then.
 
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