What a stunner - a bravura presentation, and one for the times .... the outstanding competency, assuredness and see through value here, should make this a very safe investment in a volatile market. The emphasis on financial reserves and the ability to self fund RED's abundant organic growth opportunities, does not rule out further M&A ... in fact it may enhance it.
Any way M&A participants can avoid banks getting involved on banks terms is a highly desirous outcome.
PS. note the hedging is short term, and 7% of reserves .... NOT a worry.
PS. note the accumulated tax losses that can offset profit tax, and, in the case of Sugar Zone, adds to the corporate appeal of the developed prospects (?)
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- Ann: Investor Presentation - Diggers and Dealers
Ann: Investor Presentation - Diggers and Dealers, page-2
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Last
34.3¢ |
Change
-0.018(4.86%) |
Mkt cap ! $2.312B |
Open | High | Low | Value | Volume |
35.0¢ | 35.5¢ | 33.8¢ | $10.29M | 29.83M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 418793 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 44000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
45 | 891985 | 0.340 |
47 | 3329563 | 0.335 |
35 | 1078383 | 0.330 |
13 | 1020048 | 0.325 |
18 | 1148152 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.345 | 2450933 | 84 |
0.350 | 1396590 | 26 |
0.355 | 824000 | 17 |
0.360 | 541737 | 19 |
0.365 | 402630 | 9 |
Last trade - 15.59pm 06/08/2024 (20 minute delay) ? |
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RED (ASX) Chart |