ALC 5.08% 5.6¢ alcidion group limited

ALC Chart, page-4226

  1. 3,040 Posts.
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    there are plenty of reasons to like the company. I first entered at 12c saw it race to 30c and slowly retreated but have kept buying on each dip. I based my decision to retain my shares in ALC due to the following reasons:

    1/Are they executing contracts? Clearly yes
    2/Are they cashflow positive? Yes correct me if I'm wrong but this is the 3rd consecutive quarter of being cashflow positive
    3/Do they have cash in the bank to sustain potential operations or potential merger/acquisition? Yes
    4/Do they have a progressive product? Yes, launched MEMRe this year first in Australia. This signifies a progressive company
    5/Are they trying to expand footprint in the global markets? Yes, Australia and NZ and now with recent CR of A$16.2M funding was for expedited expansion in the UK.
    6/ is there are need for our products? Yes






    Last edited by MrKotiko71: 20/12/19
 
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Last
5.6¢
Change
-0.003(5.08%)
Mkt cap ! $75.17M
Open High Low Value Volume
5.9¢ 6.1¢ 5.2¢ $208.5K 3.748M

Buyers (Bids)

No. Vol. Price($)
2 164505 5.4¢
 

Sellers (Offers)

Price($) Vol. No.
5.6¢ 100000 1
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ALC (ASX) Chart
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