Rather than conduct a capital raise, the company has chosen to sell property to repay debt and boost their cash balance.
Its clear the company should have raised capital when the share price was above $3; directors chose to line their own pockets by selling shares on market instead.
Ann: 1H FY22 Results Presentation, page-70
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Last
$2.34 |
Change
-0.030(1.27%) |
Mkt cap ! $1.616B | |||
| Open | High | Low | Value | Volume |
| $2.41 | $2.43 | $2.32 | $5.953M | 2.536M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29039 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.35 | 16702 | 3 |
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| PNV (ASX) Chart |