- Joined
- 2 October 2006
- Posts
- 3,043
- Reactions
- 2
hows that itchy??
what do you base that on?
what do you base that on?
HOMER J said:Hi Agentm. Agree with you that at the moment ADI is the better value simply because EKA has run harder. back when i was buying EKA at 20c it had a market cap of something like 11m with options included and ADI if i remember right was in the low 40s with a market cap of 4X EKA. the options back then were the best leverage at around 8-9c. Now EKAs market cap is closer to 20m. They have 39.7m heads (as announced on the 25th) and 41.5m options plus are issueing upto 11.9m shares in the recently announced issue. the issue will raise upto 1.36m + another possible 1.25m with 570 holders entitled to 10000 shares each.
note the percentage gains predicted in ADIs report we taken with ADI at 31c and EKA at 25c. But back when i was buying EKAO were the highest risk/reward in my view at around 8c. Things are different now obviously. So the question is why is ADI lagging? it seems like the potential upside isnt being factored in at all....
cheers
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.