No offence, and only my opinion but the market is not responding well to business with negative profit.
I refer you to their report. Page 37 -section 4.3 on future outlook where ebitda is expected to be at breakeven by late FY18.
I am not saying the share price won't appreciate in this time, but for many investors positive profit is an important factor.
I don't see value at these levels and would probably be a buyer in the 50c to 65c range.
Chart, page-45
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $129.1M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $6.669K | 54.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 423146 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 54363 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| FLC (ASX) Chart |