Reluctantly I sold my AX1 shares last week due to its weak balance sheet which I believe will lead to a capital raise and be potentially diluting. The company is well run but prolonged store closures will stretch the balance sheet to breaking point. Others I have stress tested that pass include ADH, BAP and SIQ, with SIQ being the best placed by some distance.
Ann: COVID-19 Update, page-15
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Last
$1.96 |
Change
0.015(0.77%) |
Mkt cap ! $1.103B | |||
| Open | High | Low | Value | Volume |
| $1.95 | $1.97 | $1.94 | $257.0K | 131.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 10247 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.96 | 8959 | 29 |
View Market Depth
| Last trade - 11.57am 12/07/2024 (20 minute delay) ? |
| AX1 (ASX) Chart |