REO
I agree with your sentiments. The announcement was released at 9.03am and by 10.45am it had inspired 2 buyers to acquire 24,485 shares for $1525 with the last sale at 6.2 cents. The announcement lacks the information regarding the expectation of $sales and/or $earnings that make it impossible to assess the impact on ADO. Another 100 or so announcements like this may make an impact but with the dollar assessment of revenue we just have to wait and see. The same situation applied with the signing of Bang and Merck some years ago with questions being raised about the extent of revenue reaching ADO from these deals. Unfortunately the market is sensitive to revenue and addition to the share price value and for this they need some figure on sales and revenue. Until the market can see some revenue being produced from these deals they will not scramble to buy the shares and hence the share price wil reamin somewhat stagnant. It is about time that ADO released some figures on the Bang and Merck deals in terms of reveue actually received to date and projected revenue expected and when it will be received.
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.83M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.1¢ | $7.317K | 348.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 127764 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 642809 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 127764 | 0.021 |
18 | 2477550 | 0.020 |
8 | 2890767 | 0.019 |
8 | 622665 | 0.018 |
3 | 94160 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 642809 | 7 |
0.023 | 422310 | 4 |
0.024 | 306228 | 2 |
0.025 | 214144 | 4 |
0.027 | 573112 | 1 |
Last trade - 15.10pm 17/07/2024 (20 minute delay) ? |
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