Ridiculous to see this get smashed. Markets do what markets do I guess, when there is fear... Particularly relating to the Russia/Ukraine crisis, which has little bearing on WCG.
If it falls further to 25/26c, it's as if the market is attributing no value to 5GN. That to me does not seem right. That market value was $113m for 5GN in November just before scheme was implemented...
Capital management could be considered to address this issue. Was thinking a share buyback but think they may want to hang on to the cash (unless they can't find other attractive acquisition opportunities). Joe specifically mentioned they are also concerned why the share price is what it is, but noted that if they can achieve their goals, that will take of itself.
Hang tight all. For some perspective, Joe has seen his own paper weather in WCG decrease by $8.7m since Jan 1! I wonder if he's been topping up since results released.
- Forums
- ASX - By Stock
- 5GN
- Ann: Half Year Accounts
Ann: Half Year Accounts, page-12
-
- There are more pages in this discussion • 148 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 5GN (ASX) to my watchlist
(20min delay)
|
|||||
Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $48.52M |
Open | High | Low | Value | Volume |
15.0¢ | 15.5¢ | 15.0¢ | $21.95K | 145.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 6187190 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 1707190 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 6187190 | 0.150 |
4 | 1518638 | 0.145 |
2 | 11080 | 0.140 |
1 | 7407 | 0.135 |
1 | 20000 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 1707190 | 22 |
0.160 | 297724 | 12 |
0.165 | 171845 | 5 |
0.170 | 375000 | 3 |
0.175 | 52258 | 3 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
5GN (ASX) Chart |