ndl3ss, since you ask,
Shares issued 336,582,351
Loss of $220M = 220/336.6 = 0.65 cents per share
Value pre-announcement $6.05 (probably already factoring in a loss via insider trading, high was nearly $9).
Fair value might be $6.00 - 0.65 = $5.40
If 6.05 was a fair pre-announcement price than $5.4 would be an upper bound as there is increased risk due to (i) lower cash reserves/risk of recap and (ii) manager risk as they have demonstrated that they cannot write contracts properly. Ooops.
things on way up!, page-12
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Last
$5.71 |
Change
-0.050(0.87%) |
Mkt cap ! $3.626B | |||
| Open | High | Low | Value | Volume |
| $5.82 | $5.85 | $5.71 | $3.075M | 533.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 23129 | $5.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.76 | 1925 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| DOW (ASX) Chart |
