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

CLG

Click for more information

6.38%

22.0¢ close the loop ltd.

Thats why EBITDA are called bullsh*t earnings, it allows for too...

First 104 Last

Share
Profile

Follow
cryptic

50 Posts.

14

27/08/24

23:16

Post #: 75404078
Share

Originally posted by kevinbai72: ↑

This is the biggest red flat to me. When I look through the annual report, their performance rights are directly linked to revenue and EBITDA, that is why they worked so hard to try to achieve these two, with the cost of damage the business and shareholder value. It is now more clear to me that they are playing the accountant tricks for their own benefits. Lack of FY25 guidance is another good example, why? Because last year they can simple to the math and show the market the revenue is growing (due to acquisition) significantly, but now, it is hard for them to tell the market that next year the revenue will be the same or a little bit higher than this year, that will cause more panic for the market. So the SP now is reflecting the problem for the debt but when the market find out that this is not a growth stock any more, SP will go down further for sure.

It looks really ugly now and I am not sure how the management could turn this around, all they are saying, this could be a multi bagger in next few years.....

The CEO should step down.

Expand

Thats why EBITDA are called bullsh*t earnings, it allows for too much discretion

CLG Price at posting: 22.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

The Rising Tide: How institutional adoption is shaping the future of crypto

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

First 104 Last

Add CLG (ASX) to my watchlist

(20min delay)
Last 22.0¢		Change -0.015(6.38%)		Mkt cap ! $117.0M

Open	High	Low	Value	Volume
24.0¢	24.5¢	22.0¢	$876.4K	3.741M

Buyers (Bids)

No.	Vol.	Price($)
21	330444	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	5000	1

View Market Depth

No.	Vol.	Price($)
19	322444	0.220
3	114893	0.215
4	52000	0.210
4	138067	0.205
13	200300	0.200

Price($)	Vol.	No.
0.225	5000	1
0.230	100000	1
0.235	360000	2
0.240	120000	1
0.245	129244	3

Last trade - 16.10pm 27/08/2024 (20 minute delay)

CLG (ASX) Chart

SPONSORED BY