The net cash is always going to be a rounding error as the business is run to spend all profits on market growth.
I presume the market is disappointed with nil growth in revenues q on q.
So am I, unless there is an explanation. I guess it may be a soft quarter with the northern summer break, but I would expect commentary addressing that.
I added more, although not as low as the aftermarket auction.
This business has an unmatched position in a growing market. Hard not to like it for the long term, so I'll take these dips as buying opps.
Ann: Appendix 4C - quarterly-FLN.AX, page-11
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Mkt cap ! $81.16M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 68396 | 18.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 297140 | 4 |
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