Yeah, really appalling results today. I have been nicely trading this around the 1.20-1.35 range but have sold out now.
Basically, both investments are worthless. eircom might not go bust but it'll take a long time to recover. There is just too much debt.
The head company has cash but net assets have dwindled to $285m. The current discount to cash is not enough. Only get 60cents and the rest could be gone if they have to recap eircom. I don;t trust management to preserve the left over cash. Thay have a good history of blowing it away.
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.10M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $58.33K | 5.818M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1480690 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1328350 | 7 |
View Market Depth
| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| BCM (ASX) Chart |