Not like I should be surprised at the performance of any stock in the current climate, but 1.1c seems extreme. Market cap of $3m, this puts it into the ranks of companies on death row. HSBC just lent the company $2m, unlikely the bank would have been taking a punt. I believe the company has over $3m in property assets alone, though it's common for companies to trade below NTA in current market.
Does anyone have precise figures on the FMG contract? From what I understand the net margin is to be in the range 20c, so at 7.5m liters p/a, gives us $1.5m.
Tallow price spiked up pretty much the same as commodities (and over same time frame), no reason to expect it won't come down significantly - I assume this will be of benefit to ARW.
I wish the company would produce a revised profit guidance or something, rather than surprise the market (preferably of the good variety :) ) later down the track.
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $47.73M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.0¢ | $260.7K | 2.139M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 111233 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 111233 | 0.120 |
3 | 580000 | 0.115 |
1 | 27281 | 0.105 |
2 | 40009 | 0.100 |
1 | 11111 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 30000 | 1 |
0.130 | 566323 | 4 |
0.135 | 332060 | 5 |
0.140 | 10789 | 2 |
0.145 | 248972 | 4 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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TEK (ASX) Chart |