I've been a follower since day 1 and Justin has always painted a big picture but the delivery was extremely underwhelming.
I dont think small wins/contracts can save this stock. If you have at the latest 4C, they made $1.6m in revenue for the first half, but it looks like they spent $2.5m on operation costs and another $1.67m on capex. The capex bit will be part of depreciation & amortisation expense, I'm not sure how to quantify it because I dont know the life of the PPE they purchased. Judging from the operation costs though, they made $900k in loss in EBITDA.
We haven't seen any news of contract wins from Bibra Lake. Justin loves to brag, so I assume they haven't won anything. So unless they can secure big wins from their main DC being Bibra Lake, this stock will remain a dog stock.
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Last
3.6¢ |
Change
-0.006(14.3%) |
Mkt cap ! $7.775M |
Open | High | Low | Value | Volume |
4.2¢ | 4.2¢ | 3.6¢ | $5.229K | 131.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 224493 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 14130 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 224493 | 0.038 |
3 | 9828 | 0.037 |
1 | 50000 | 0.035 |
1 | 124004 | 0.034 |
3 | 416000 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 14130 | 1 |
0.045 | 200000 | 2 |
0.046 | 135255 | 3 |
0.047 | 713605 | 1 |
0.048 | 184482 | 2 |
Last trade - 11.14am 19/07/2024 (20 minute delay) ? |
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AI1 (ASX) Chart |