So what is the con here?
A dud company or very intelligent directors.
The sector has suffered a confidence issue. Auditors are more conservative.
Directors bow to the pessimism and writedown $10? And put in $20M provision.
So they can allay market fears and doubt.
At the same time they can buy a great company at a significant discount.
Remembering debt can be paid out in 1 year.
So if the directors are cashed up this is their best way to make a killing buy your own company at a massive discount.
Dodgy lawyers or cut throat pirates?
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Last
71.5¢ |
Change
0.015(2.14%) |
Mkt cap ! $121.3M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 72.5¢ | 69.5¢ | $113.4K | 160.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 35230 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 50000 | 1 |
View Market Depth
| Last trade - 16.10pm 17/09/2025 (20 minute delay) ? |
| SHJ (ASX) Chart |