Not like I should be surprised at the performance of any stock in the current climate, but 1.1c seems extreme. Market cap of $3m, this puts it into the ranks of companies on death row. HSBC just lent the company $2m, unlikely the bank would have been taking a punt. I believe the company has over $3m in property assets alone, though it's common for companies to trade below NTA in current market.
Does anyone have precise figures on the FMG contract? From what I understand the net margin is to be in the range 20c, so at 7.5m liters p/a, gives us $1.5m.
Tallow price spiked up pretty much the same as commodities (and over same time frame), no reason to expect it won't come down significantly - I assume this will be of benefit to ARW.
I wish the company would produce a revised profit guidance or something, rather than surprise the market (preferably of the good variety :) ) later down the track.
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13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $53.33M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 13.0¢ | $34.08K | 254.4K |
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No. | Vol. | Price($) |
---|---|---|
5 | 132955 | 12.5¢ |
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Price($) | Vol. | No. |
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13.5¢ | 240635 | 4 |
View Market Depth
No. | Vol. | Price($) |
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5 | 132955 | 0.125 |
5 | 159574 | 0.120 |
2 | 59090 | 0.110 |
2 | 40009 | 0.100 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 240635 | 4 |
0.140 | 240000 | 1 |
0.145 | 160000 | 2 |
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