Hi Champee,
I think you are spot on regarding the fundamentals and might even be underestimating the market cap at $300M ($0.37 approx). The only real downside I can see in the short term are from forces outside of the boards' control (yes Donald, I'm looking at you). I can only assume that the reason they are so keen on the share buy-back now is because there is good news(acquisitions) in the pipeline that will push the SP up. It will take a while to churn through the 52 million shares they want. I will be keeping a keen eye on how quickly they are accumulating though, a big spike in volume could mean that good news is coming sooner rather than later. Something else I am mindful of is our possible inclusion back in to the ASX 300 at the end of the month, I'd say we are back on the radar of a lot of the fund managers that can only deal in the top 300 stocks.
I'm still holding some shares, just happy to park some cash on the sidelines for a while and watch.
Hi Champee, I think you are spot on regarding the fundamentals...
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Last
30.0¢ |
Change
0.005(1.69%) |
Mkt cap ! $319.8M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.3¢ | 29.5¢ | $64.73K | 216.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 400519 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 220397 | 7 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| CAJ (ASX) Chart |