There is a lot of tax loss selling across the whole asx on top of the whole world going into a recession scenario.
End of day we have to go by what the numbers on their reports are telling us and the possible future outcomes. I had high hopes for a good qtr but with world markets going to shit then now i am not sure what to expect. Will companies lay of staff and tighten spending? WIll they view LVT product as essential?
Still doesnt warrant such a low MC. Its basically saying LVT will have revenues of only 10m over the next 12 months which is ridiculous since hey have 14m in cash receipts just per qtr
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- Ann: FY22 Q3 Quarterly Activities Report and Appendix 4C
Ann: FY22 Q3 Quarterly Activities Report and Appendix 4C, page-220
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