Australia's largest stock trading and investment forum Australia's #1 stock forum

ANO

Click for more information

0.00%

77.0¢ advance zinctek limited

To much related party crap. Aren't they also doing business with...

First 32 Last

Share
Profile

Follow
muppet100

339 Posts.

38

01/09/23

11:07

Post #: 69684159
Share

Originally posted by flobob: ↑

I would say that's not uncommon.
they have a single main product and have no clue about the demand.
they lost market share last year, had almost no growth (I think volume growth is negative) and still claim there is growth.
of course distributors say there is growth ahead in order to have supply on hand.
it was visible 2-3 years ago that growth is missing and that management doesn't know how to react. they kept blaming it on covid.
I still haven't seen any reasonable response by management on what they intend to do besides waiting for better times.
they simply hide and come up with the same nonsense over and over.

please stop with the interest free loans.
they paid a dividend and raised money shortly after.
now a dividend again and more dilution at a sub 50 million market cap.
the company gave Acton almost a million $ to buy shares at 3% interest to buy shares. that's ridiculous

PS: I still believe there is value. but it won't be realized until there is a new CEO. the bar is not high. we just need one that can write

Expand

To much related party crap. Aren't they also doing business with Lev's sons company as well which also has no rev.

So many red flags but all ignored, bit annoyed, but didn't have a lot in this and exited today

ANO Price at posting: 81.0¢ Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

There are more pages in this discussion • 37 more messages in this thread...

First 32 Last

Add ANO (ASX) to my watchlist

(20min delay)
Last 77.0¢		Change 0.000(0.00%)		Mkt cap ! $48.08M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	5273	77.0¢

Sellers (Offers)

Price($)	Vol.	No.
89.5¢	12145	1

View Market Depth

No.	Vol.	Price($)
1	5273	0.770
1	1326	0.765
1	49122	0.760
1	24	0.730
1	42952	0.720

Price($)	Vol.	No.
0.895	12145	1
0.900	5250	2
0.950	5000	1
1.000	11450	2
1.050	5000	1

Last trade - 10.00am 04/10/2024 (20 minute delay)

ANO (ASX) Chart

Day chart unavailable