I am not sure why arguing here. Company current valuation as per current market share is only $350M but the book value of the company (Net assets) is around $420M. So, its clearly under value. If they go administration today and administrator sell their assets and pay off debts the net value they get is $420M. So, shareholders will get more money then by selling their shares at current price. Risk is low for investor at current prices. Its a buy for me. Anything under 40 cents is a good buy for me. I can easily see 50% gains in next 12 months even after the cap raise.
Ann: Quarterly Report for December 2023 Quarter, page-143
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Last
36.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $256.1M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.5¢ | 36.0¢ | $372.9K | 1.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 215460 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 28718 | 2 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| 29M (ASX) Chart |