The Ceo bought a $20m block of land on the beach front of some beach , so it wouldnt suprise me if thats where it went.
But na seriously , I think they are going to use the capital from the sale and invest in the products and distribution systems and marketing aspects to drive up sales.
I have sold out of my stake in Globe mainly because I am a bit weary of the companies ability to perform. Although they showd strong performance in the final quaters of last financial year the company is selling off 35 % of its revenue in the divisions it sold to pacific brands.
I know in the end this was probally a good move as any efforts to consilidate will be positive in the long run. However in the short run I am a bity weary of their abilities to to grow.
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Last
$2.48 |
Change
-0.120(4.62%) |
Mkt cap ! $102.8M |
Open | High | Low | Value | Volume |
$2.45 | $2.48 | $2.45 | $1.015K | 411 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6000 | $2.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.65 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6000 | 2.500 |
1 | 10000 | 2.130 |
1 | 490 | 2.040 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
2.650 | 1000 | 1 |
2.700 | 7811 | 1 |
2.870 | 2000 | 1 |
2.880 | 929 | 1 |
2.900 | 10000 | 1 |
Last trade - 10.43am 12/07/2024 (20 minute delay) ? |
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GLB (ASX) Chart |