I reckon market would reward the company is they abandon their $100m ebitda target as market expects more dilution.
Board needs to communicate a capital management framework ... eg pause and buy back stock if price too low, issue stock in M&A if accretive.
Issuing stock at any price will destroy shareholder value and drive share price into the ground.
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Last
38.5¢ |
Change
-0.005(1.28%) |
Mkt cap ! $637.2M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 39.5¢ | 38.0¢ | $152.8K | 390.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 129999 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 3248 | 1 |
View Market Depth
| Last trade - 16.10pm 23/07/2025 (20 minute delay) ? |
| PGC (ASX) Chart |