I hope you're right as I like the company. Net cash is $1m and underlying operating cash flow this year was -$1.2m. Unless there is a step change in revenue growth (something we haven't seen in recent years) then a capital raising is on the horizon. They are cutting it very fine. Capital raisings aren't necessarily bad, but this one will be somewhat dilutive. Raising $3m would be 25% of issued stock at the current price.
I hope you're right as I like the company. Net cash is $1m and...
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $6.675M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.5¢ | $1.918K | 16.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 43605 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 60000 | 1 |
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| Last trade - 13.24pm 05/07/2024 (20 minute delay) ? |
| GLH (ASX) Chart |