Net Assets minus Intangibles aka Net Tangible Assets:
1H23: $24m (vs $1235m borrowings - bad ratio for loan covenants)
(I think a $41m SPP was completed here.)
(Maybe +$5m from operations too)
2H23: $70m
(+$9m from operations)
1H24: $79m
(+$17m from operations)
2H24: $96m by my estimate
This last half seems to be the biggest jump in tangible assets lately. Good for covenant safety. $96m seems to be quite significant relative to $67m market cap, and +$17m is relatively very significant (worthy of a 25% SP spike). If they can keep up this trend, it'll have to move the SP upwards. As long as there's no bad surprises (underestimating provisions, or spike in unemployment).
Net Assets minus Intangibles aka Net Tangible Assets:1H23: $24m...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $96.00M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 12.0¢ | $6.077K | 50.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 97049 | 4 |
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| Last trade - 15.29pm 14/11/2024 (20 minute delay) ? |
| MME (ASX) Chart |