I think the only hope you have is for AI to save them as most of their staff involved in originating and processing loans can be replaced by AI .
The recent cost cutting moved suggests they no longer have access to capital markets for working capital and need to stop burning cash.
if they can do that and stay in business and reduce overheads by $200 million then you could have a very profitable business worth many multiples of current share price.
As I've said it's in a wave 5 which could end in bankruptcy or the 20 cent range but if they stay in business a counter trend rally could add a minimum of $2 or $3 to the share price.
I told you good time to buy, page-4785
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Last
$1.70 |
Change
-0.090(5.04%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.78 | $1.69 | $129.7M | 75.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 93847 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 556968 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |