I was a wink away from buying back in ... quick look at the books and I'm no expert, but theres a problem from what I see ... (or opportunity depending on your view)
NET ASSETS = $56M (from half yearly accs)
But if you look up at the GOODWILL line ... $96M
I think these guys are near the bottom, but looks like a bit of janitorial work is required on the balance sheet - MARKET CAP is ~$20M ... something's gotta change.
If they take it on the chin, which I think they will, could be good opportunity when the dust starts to clear.
Not owning 100% of the entities may make clearing things up difficult.
came close to going back in
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Mkt cap ! $25.91M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.4¢ | $41.85K | 2.985M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2006396 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 171052 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.4¢ | 1.4¢ | 1.4¢ | 513163 | ||
| Last updated 15.18pm 30/05/2024 ? | |||||
| BLU (ASX) Chart |