Well spotted!
Ordermentum raised $16m last September to acquire Foodbomb so it "could" explain the revaluation.
The report does not distinguish the valuation of each unlisted assets so it's hard to guess.
There is a paragraph regarding Ordermentum progress in the report but nothing about MitchCap which is not reassuring.
If the business was kicking goals they would brag about it.
But it's very interesting that their listed assets dropped 40% but their unlisted assets grew by 37.5%.
Unlisted assets now represent 15% of NCC vs 8% in FY23
Ann: Media Release - FY24 Results & Dividend Declaration, page-13
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Last
38.0¢ |
Change
-0.005(1.30%) |
Mkt cap ! $28.04M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.5¢ | 37.5¢ | $41.94K | 110.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5449 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 63798 | 3 |
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| Last trade - 15.36pm 01/11/2024 (20 minute delay) ? |
| NCC (ASX) Chart |