On an earlier posting, when the share price was around 30 cents, i thought a fair price for CAJ would be around 17 cents. Looking at the events of the last week, the financial results and the throwing away of 15 million smackers on a software program that in the long term will not make a scrap of difference to radiologist productivity, i doubt that this company has any value at all. I doubt they will be able to service their debt. The winners will be the radiologists who sold their practices to CAJ at a premium. Those radiologists probably could not believe their luck. They will be buying those same practices back at a fraction of the amount that CAJ paid for them. CAJ should have paid a combination of cash and scrip, with the shares in escrow for some 5 years to keep the radiologists skin in the game. It is a classic example of people buying a business without any real understanding of the drivers of that business.
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Last
30.0¢ |
Change
0.010(3.45%) |
Mkt cap ! $319.8M |
Open | High | Low | Value | Volume |
29.8¢ | 30.0¢ | 29.5¢ | $415.4K | 1.396M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 450000 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 341823 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 450000 | 0.295 |
7 | 162524 | 0.290 |
1 | 60 | 0.285 |
3 | 85000 | 0.280 |
3 | 380055 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 341823 | 4 |
0.305 | 471538 | 6 |
0.310 | 698791 | 13 |
0.315 | 340846 | 10 |
0.320 | 865919 | 21 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
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