Yes valid points re historical cases and changing landscape on government policy. But I do believe that going forward the case win rate which is part of valuing this company will be lower. In some respect, that devaluing has happened now for a period.Its just about whether the cash flows can sustain the business during periods of no wins and delayed judgements and appeals, without the need for a CR. The have sold part assets in recent times to avoid this scenario which is generally a better outcome than shareholder dilution.
Ultimately, the shareholder returns have been abysmal for investors over the last 5 years or so. We probably at a point where this could provide some spectacular returns over the next few years from these prices if they demonstrate the business model is broken.
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Mkt cap ! $282.5M |
Open | High | Low | Value | Volume |
95.0¢ | $1.01 | 95.0¢ | $329.4K | 336.5K |
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No. | Vol. | Price($) |
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1 | 572 | 0.985 |
1 | 572 | 0.980 |
1 | 572 | 0.975 |
1 | 572 | 0.970 |
Price($) | Vol. | No. |
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1.015 | 572 | 1 |
1.020 | 572 | 1 |
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