Previously they were trading on a PE premium owing to the growth story when the share price was $1.30+ and everyone thought growth would be 20%.
With no/negative growth the PE premium will also disappear which is the double whammy on the way down (PE decline plus PE premium decline).
Its best to keep away in these circumstances and wait for a true bottom that will only be evidenced over a couple of months of trading. It was only 2 years ago that these were <50c.
Ann: Trading Update , page-5
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Last
21.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $131.7M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 20.5¢ | $212.2K | 1.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 264202 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 117568 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| CCV (ASX) Chart |