If this is not a start of a rise, I'm not sure what it will take to start moving the SP! Glad the new strategy is working:
The Group held $7.9m in cash and cash equivalents as at 30 June 2019 (2018: $9.5m). Cash provided by continuing operations was $3.2m (2018: $6.4m) from which $4.5m was paid out in claims (2018: $5.3m), $1.3m for acquisition of software (2018: $0.1m). $1.2m was received for the Neos divestment and loan repayment (2018: Nil). The Group has net assets at 30 June 2019 of $16.9m (2018: $19.0m) and net tangible assets of $11.8m (2018: $12.5m) representing net tangible assets per share of 7.92 cents (2018: 7.96 cents).
So based on calculations we should be close to a net tangible assets per share of 10 cents + in the next 6 months !
CAF Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
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