I was one of the individual SH's that sold out of my holdings. Luckily, I cashed out most of my holdings at 6 cents as I originally bought in at 2 cents 5 years ago.
It's a great company with significant potential but right now, advertising is coming under a fair bit of pressure and I'd only consider buying back in when it reaches 2 cents again.
My reason for selling was pretty simple, they're just not producing enough FCF to justify the current valuation. I was expecting them to be generating an EBITDA in the range of $1m by now.
Ann: Half Yearly Report and Accounts, page-8
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $4.022M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.2¢ | $48.26K | 3.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 363595 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 134000 | 2 |
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| Last trade - 15.21pm 17/07/2024 (20 minute delay) ? |
| MXO (ASX) Chart |