No immediate concerns regarding future capital raising - management has made it clear they won't be doing that at the current share price / multiple, and prefer debt instead. They will end FY22e in June with about $7m net debt (w/ $2m of that being cash). Don't think they will raise any more given by end of 2022 (calendar year), net debt will be down back to ~$3m given an incremental $3-4m in cash generation. Liquidity wise they are in a very good place. Additionally, they've got a revolving credit line from CBA for up to $10m, so if in worse, worse case there are a "cash flow shock", they would just temporarily draw down on that.
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Last
6.9¢ |
Change
0.002(2.99%) |
Mkt cap ! $26.66M |
Open | High | Low | Value | Volume |
6.8¢ | 6.9¢ | 6.2¢ | $45.18K | 701.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 139909 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 95285 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 139909 | 0.062 |
1 | 100000 | 0.061 |
1 | 103891 | 0.060 |
1 | 53571 | 0.056 |
1 | 100000 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 95285 | 1 |
0.075 | 102857 | 1 |
0.078 | 10000 | 1 |
0.080 | 384135 | 1 |
0.081 | 6181 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
CCG (ASX) Chart |
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