CHP 0.00% 0.5¢ chapmans limited

Volume + SP increasing

  1. 725 Posts.
    lightbulb Created with Sketch. 131
    The past 4 weeks has been a good one for CHP with the stock slowly creeping off the long time base of .005 and hitting a recent peak of 1.4.

    Currently sitting at 1.2 with a market cap of $12m with the following going for it.

    $3.2m cash
    $12m market cap
    Directors buying over $600,000 worth through rights issue + one continuing to buy on market

    - 20Four has massive names attached to it + peer comparison is Unscriptd planning to list at a market cap of $88m. Conservative thinking would put 20Four valuation at around $30-$40m, valuing CHP’s current 39.25% holding at around $12-$16m, more than the current market cap alone

    - MJLS with Karelis/Washer/Jason Peterson on board, owning 50% stake for $500k USD, easily a multi bagger given the current market for MM and the caliber of people they are dealing with who are spinning this IPO out.

    - SynDynamics with a 50/50 JV deal already signed, tick of approval from CSIRO & 10,000 MT P/A signed as well.

    - New blockchain advisor Mike Cohen has been signed to CHP to help in assisting with a blockchain acquisition. With the company holding $3.2m in cash, they are well positioned to acquire one in the near future following this appointment.

    1.2c / $12m market cap seems rather low for a company with the above going for it.
 
watchlist Created with Sketch. Add CHP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.