I mean , I don't like speculating but ...
I think the best thing would be for the company to say
"in our opinion the company itself is worth (let's say 150mn based on current numbers) and we'll continue to use excess capital to buy up our own stock until we reach that (12c give or take in this scenario) and after that dividends will provide a better value proposition for our shareholders so we'll focus on that"
the stock is very underpriced at the moment, it's just missing liquidity. Its a chicken and the egg scenario where there's no demand because there's no demand.
if the company itself can provide some demand for it's own stock (which would cost very little) it would provide that confidence that's necessary to start the way up for the SP.
I mean just a timeline would provide such a boost to confidence.
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Last
3.9¢ |
Change
0.003(8.33%) |
Mkt cap ! $48.18M |
Open | High | Low | Value | Volume |
3.6¢ | 3.9¢ | 3.6¢ | $10.86K | 279.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 108884 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 55387 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 108884 | 0.035 |
4 | 502572 | 0.034 |
2 | 276668 | 0.033 |
3 | 163104 | 0.032 |
2 | 71670 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 55387 | 1 |
0.041 | 78720 | 1 |
0.042 | 114578 | 2 |
0.044 | 400000 | 1 |
0.045 | 186270 | 1 |
Last trade - 14.51pm 26/07/2024 (20 minute delay) ? |
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