That is a pretty good point, why would each of them who put in say $1.5m each for 4.5% stake and within 1 month of that accept their investment is heading south already.
I would be assuming that the strategic aspect of their investment is that they represent some portion of the supply chain and future larger market shares, be that in purely juice or carbonated ranges or maybe even the nutraceuticals sector.
But still @45m sales for the Shares on Issue, inherent value is higher than the current share price and I would suspect with debt being repaid or mostly reduced, sales up and profit margins and OEE heading in the right direction we should see a more respectable NPAT for this quarter and with guidance towards the FY2021 annual result.
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Mkt cap ! $45.91M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 39709 | 0.140 |
1 | 200000 | 0.105 |
1 | 610 | 0.100 |
1 | 5500 | 0.092 |
1 | 50000 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 490479 | 2 |
0.160 | 137112 | 4 |
0.165 | 3500 | 1 |
0.170 | 83691 | 3 |
0.175 | 286542 | 6 |
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