The old dog refuses to budge. Understandable. Cash burn was still too high in the last quarterly even if it was due to one off legal settlements. Like I said three months ago, will take 6 months to see any real turn around.
Doesn't matter if those one-offs were just that either. Market just sees the bottom line, and can you blame it? I'm in the hole a little on this one too and given past history in no rush to add more.
That said, I am slightly, ever so mildly optimistic about the companies future direction. But would I recommend my muh and puh put money in this thing yet? Not on your nelly.
I maintain a wait and see approach, personally. If, however, you are a little more flush than my muh and puh, you could take punt on it.
Admedus opts for a restart, page-18
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Last
$13.20 |
Change
-0.800(5.71%) |
Mkt cap ! $279.0M | |||
| Open | High | Low | Value | Volume |
| $14.00 | $14.00 | $13.11 | $947.2K | 71.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $13.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.35 | 300 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| AVR (ASX) Chart |