"Prolly the only negative is cash conversion running at only 75%. Would love that number to ramp up. "
To fund this business, given its stage of corporate evolution, requires significant working capital investment, so I actually think that for just 25% of EBITDA to be utilised to that end will actually be a pretty decent outcome.
What exercises my mind a lot more when it comes to CLG, and the reason why I have a sub-optimal shareholding holding compared to the assessed deep undervaluation, is that it is just one share price spike away from the next capital raising.
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Ann: AGM Company Update, page-9
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $117.0M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 25.0¢ | 21.5¢ | $353.6K | 1.567M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 173787 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 90438 | 3 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| CLG (ASX) Chart |