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.
The problem with low trading volumes..., page-7
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Last
43.0¢ |
Change
0.010(2.38%) |
Mkt cap ! $720.0M | |||
| Open | High | Low | Value | Volume |
| 43.3¢ | 43.5¢ | 43.0¢ | $21.66K | 50.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 187032 | 3 |
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| Last trade - 11.03am 01/11/2024 (20 minute delay) ? |
| PGC (ASX) Chart |