Share price was 60c when revenue was $4M.
Then Daly Potatoes were acquired which added $2M or 50% additional revenue which suggests a share price of 90c.
I think the recent buying is knowing there will be another acquisition soon. What revenue will that company bring? If another $1M or even $2M then $1.10 / $1.20 looks achievable.
They take advantage of economies of scale with every new business they buy into.
If after their acquisitions they can show $4M - $5M revenue in the HY report, they will be trying their hardest to make FY21 $10M+.
Having product in 850 Woolies stores will certainly achieve that goal.
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Last
4.0¢ |
Change
-0.003(6.98%) |
Mkt cap ! $4.412M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 4.0¢ | $696 | 17.39K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 28704 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 54200 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28704 | 0.040 |
1 | 40000 | 0.036 |
2 | 30000 | 0.035 |
1 | 14000 | 0.034 |
1 | 40000 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 54200 | 3 |
0.043 | 10220 | 1 |
0.044 | 76026 | 3 |
0.045 | 153390 | 2 |
0.050 | 400000 | 1 |
Last trade - 13.54pm 13/05/2024 (20 minute delay) ? |
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