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
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there are plenty of reasons to like the company. I first entered...
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Last
5.9¢ |
Change
0.005(9.26%) |
Mkt cap ! $77.86M |
Open | High | Low | Value | Volume |
5.5¢ | 6.3¢ | 5.5¢ | $142.5K | 2.458M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19824 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 103268 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19824 | 0.058 |
2 | 138000 | 0.057 |
2 | 290500 | 0.055 |
5 | 821604 | 0.054 |
3 | 141038 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 103268 | 2 |
0.060 | 111500 | 3 |
0.061 | 49100 | 1 |
0.062 | 115118 | 2 |
0.063 | 47600 | 1 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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ALC (ASX) Chart |