I will preface this with the cap raise is ludacris. It is a result of very poor management.
however
the concerning part for me is looking past the cap raise.
in 12 months time they will be out of money again. To be cash flow positive needs 20-25 machines sold in that 12 months.
considering lbt have sold about 15 in many years it doesnt look great for the future of LBT.
as mentioned early… what company is going to part with their $$$ when the company they are purchasing from might be gone in 12 months
Ann: $4.5 million Entitlement Offer, page-18
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Last
1.6¢ |
Change
-0.001(3.03%) |
Mkt cap ! $25.08M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $24.18K | 1.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1728515 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 315000 | 3 |
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| Last trade - 10.33am 16/08/2024 (20 minute delay) ? |
| LBT (ASX) Chart |