HIT hitech group australia limited

$2.2m market cap, for $0.7m-$1m npat + cash

  1. 1,544 Posts.
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    No getting away from the fact this stock is a minnow. But, despite recent share price rise, the $2.2m market cap is still a joke c.f. the NPAT forecast of $0.7m-$1.0m, plus $686k in cash and $369k in listed investments.

    Produced HY NPAT of $379k - of which about $197k came from gains on investments. Actually thought they might have beaten that based on the AusTender contract data, but perhaps a timing issue, so could explain the confidence around second half.

    As per usual, they mention the possibility of acquisitions, but I would think they really need to see the share price above 20cps for them to be able to effectively use equity for a purchase. Question is, whether they will try to stash cash for an acquisition or use it to underpin the sp with a div.
 
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Last
$1.82
Change
0.000(0.00%)
Mkt cap ! $76.77M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 11048 $1.81
 

Sellers (Offers)

Price($) Vol. No.
$1.86 1795 1
View Market Depth
Last trade - 16.21pm 16/09/2025 (20 minute delay) ?
HIT (ASX) Chart
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