Well, if there was ever an opportunistic time for a takeover - this is it.
Classic situation
- share price at lowest ever level
- SP sitting at about cash on hand level
- sales performance below promised to mkt
- little confidence in incumbent board and mgt
- mkt and shareholders clearly have lost confidence in board, mgt and operations
- business valued by market at near zilch
- business operating (according to media commentary) at near cashflow breakevemn
- management and board in turmoil
- S249D meeting called to spill 75% of board
- nominees having no retail experience - so prospect of turmoil continuing until YOW operations show continuity of cashflow positive and/or profitability
- pretty much a wide open share register
- major Institutional shareholders probably happy to exit at a certain price. Got no idea what that is, but one big s/h has already started selling, even before sales downgrade.
With the YOW business virtually valued at nothing by the mkt, it would allow a more skilled management to come in and get the business operating to a level which was profitable.
In spite of what some HC "experts" opine, YOW business is turning over around A$30m, is supposedly nearing cashflow breakeven - it is in tens thousands of stores in US, including prime positions in worlds biggest retailer.
The problem for us is, that any t/o now would be based on some multiple of the current crappy share price!
No point in bidding when SP is at all time highs - kick when they are down is how these opportunistic players work.
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Last
2.7¢ |
Change
0.002(8.00%) |
Mkt cap ! $6.192M |
Open | High | Low | Value | Volume |
2.7¢ | 2.7¢ | 2.7¢ | $1.598K | 59.19K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 50000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 0.026 |
1 | 37663 | 0.025 |
4 | 143494 | 0.023 |
1 | 45499 | 0.022 |
1 | 95383 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 50000 | 2 |
0.029 | 156545 | 1 |
0.030 | 38056 | 1 |
0.034 | 19500 | 1 |
0.036 | 333333 | 1 |
Last trade - 10.55am 22/07/2024 (20 minute delay) ? |
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YOW (ASX) Chart |