They need revenue growth, if for nothing else, to turn around some sentiment and trust in their business. Yet at the same time, they're having to make massive cost cuts, an additional $14M over and above the $46M they announced, possibly more.
Therein lies your poisonous cocktail: you generally don't grow whilst making deep cost cuts in the business.
Ann: Trading update and fully underwritten A$30m equity raising, page-16
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Last
$2.03 |
Change
0.065(3.31%) |
Mkt cap ! $455.3M | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.07 | $1.98 | $12.19M | 6.023M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 135840 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 634 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| APX (ASX) Chart |