They invested $12 in extra expenses increase from year.
You add this back and they are making $19M its $31M.
The MC is $260M less $9M net cash. Its at 250M over $31M.
Trading at less than 10 times and historic earnings.
People will panic. But Allan Gray will buy more as they can filter the rubbish out. Not to mention it appears jts been setup for takeover what sane management work increase cksts by $12M when revenue is down.
Unless they are playing it for someone else or they have invested a lot of money in service and product development.
Ann: App4E Preliminary Final Report for Year Ended 30.6.19, page-4
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Last
90.0¢ |
Change
-0.005(0.55%) |
Mkt cap ! $303.1M | |||
| Open | High | Low | Value | Volume |
| 90.5¢ | 90.5¢ | 90.0¢ | $2.186K | 2.422K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1796 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.0¢ | 682 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| AGI (ASX) Chart |