typo with the $1.70 but the point is share price is well down and will continue to stay down. Those that bought at $1.90 are down 29% and mgmt don't give a hoot. Management have promised profits in 2024 and here hoping they deliver.
The point is management is trading away visible profit to chase global expansion which is highly complex to deliver on. big payoff if it comes off but also big risk. Market simply reflects what people think. The point is most professional fundies can't buy this stock as it's a spec until management get serious about positive cash and profits.
broker recommendation, page-137
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Last
$2.04 |
Change
-0.030(1.45%) |
Mkt cap ! $1.409B | |||
| Open | High | Low | Value | Volume |
| $2.09 | $2.11 | $2.03 | $1.727M | 838.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 299194 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 1559 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PNV (ASX) Chart |