could be. The MD has said they will be cash flow positive soon and a therefore a buyback could be on the cards. How do they use the cash? Capital reconstruction? Privatisation? Although they have said they are looking at aquisitions I can't see them making one on OZ soil as they basically dominate the IT security market here since purchasing Baltimore.
At these prices SNX has to be a likely takeover target....particularly from an overseas IT giant who wants greater market share in Australia/Asia.
anyway,Until they annouce they are back in the black I think it will continue to trade around these levels
Watch 93 cents for a breakout!
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Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.640M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11644 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 52224 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11644 | 0.054 |
2 | 35000 | 0.052 |
1 | 11950 | 0.051 |
3 | 54040 | 0.050 |
1 | 183000 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 52224 | 2 |
0.058 | 50000 | 1 |
0.059 | 109456 | 1 |
0.070 | 17169 | 1 |
0.073 | 147785 | 1 |
Last trade - 11.00am 11/10/2024 (20 minute delay) ? |
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