I think I remember the catch.
The majority of the Net Assets is intangibles, which leaves the covenant metrics with very high (risky) ratios.
But the +$17m to Net Assets HoH should be tangible. So that is a significant benefit relative to the $59m market cap.
Ann: 4Q24 Trading Update - Growth and strong loan performance, page-8
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $116.0M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 14.0¢ | $3.521K | 25.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 134725 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 25495 | 3 |
View Market Depth
| Last trade - 10.01am 21/07/2025 (20 minute delay) ? |
| MME (ASX) Chart |