SIT 0.00% 0.2¢ site group international limited

Don't forget that Site purchase 3 business unit for 1/3 cash and...

  1. 1,722 Posts.
    lightbulb Created with Sketch. 408
    Don't forget that Site purchase 3 business unit for 1/3 cash and 2/3 shares @ $0.35 p/share.

    IMO one of the previous owners needed cash and ask Site to buy back some of their holding @0.16.

    Perhaps this is the only way for the previous owners of Productivity Partners, Innovium and Wild Geese to recover 2/3 of payment they agreed to year or so ago.

    I can't see any investor buying over a million of shares in stock which has few buyers with turnover of few thousand shares p/month.

    Their only hope could be payment from Government and no one knows when and if it will happened.

    All IMO.
 
watchlist Created with Sketch. Add SIT (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $5.205M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
5 10130000 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 19201629 10
View Market Depth
Last trade - 16.12pm 18/06/2024 (20 minute delay) ?
SIT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.