No real surprises with this announcement.
Maybe management need to start factoring in rain disruptions as more likely than unlikely in QLD and
COVID may be around for 10 years - so they need to start expecting and factoring in interruptions because of COVID to their pricing models.
Is a concern we have spent on CAPEX and now had a delay in revenue with a fixed cost.
This will not help the balance sheet and hopefully we won't need to raise capital.
In saying all this, this isn't that unusual for a small company.
I actually still think it looks cheap and bought some today at 28 cents but would still like to know what the balance sheet looks like before I buy much more
Ann: Trading update, page-8
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Last
44.5¢ |
Change
0.005(1.14%) |
Mkt cap ! $94.98M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.0¢ | 44.0¢ | $88.05K | 196.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 25000 | 1 |
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| Last trade - 14.57pm 28/06/2024 (20 minute delay) ? |
| MSV (ASX) Chart |