dead as a doornail.
Completely illiquid stock. Curious how these micro caps survive. Not sure how I got here, but was looking at payments and Tyro, starting from Stripe, Touch and iSignthis.
Market is valuing this at a discount due to lack of strategy. I mean, what is it?
Its not a payment gateway, its not a payment institution, and its spent $13m in developing pharmacy software to write it all off almost immediately. Really?
Two CEO's simultaneously, both got the chop. Two skippers on one ship has never worked. Thepoor sod of an accountant that has been "made" to CEO is clearly a patsy, who wouldnt know a keyboard from hammer, and has clearly made a fist of the software development.
Valuation : $10m market cap minus $8m cash means business is valued at $2m
The shell alone is worth $2m, so business is worth....nothing?
Alternatively, business is worth $6-8m based on 1.5m EBIT, cash is worth $8m, and market is marking the business down for lack of strategy by $8m - meaning it is in terminal decline.
Quite a spectacularly inept effort by management to destroy value so completely, no matter how you crunch this.
- Forums
- ASX - By Stock
- PHX
- Is there a pulse or has Corum Flat-lined?
Is there a pulse or has Corum Flat-lined?, page-3
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PHX (ASX) to my watchlist
|
|||||
Last
4.0¢ |
Change
0.003(8.11%) |
Mkt cap ! $23.94M |
Open | High | Low | Value | Volume |
3.9¢ | 4.2¢ | 3.9¢ | $123.9K | 3.084M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000000 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 111237 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.036 |
1 | 200000 | 0.035 |
1 | 150000 | 0.033 |
2 | 140000 | 0.032 |
3 | 308245 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 111237 | 1 |
0.050 | 364999 | 1 |
0.051 | 80000 | 1 |
0.055 | 77252 | 1 |
0.060 | 28973 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
PHX (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online