1,2 or 3 Cents are not an option here. Olivers needs another Capital Raise. Production costs are also too high. Capital should be used to reduce the business size of the brand to a profitable level. More Australians will make holidays inland after the pandemic, so i think Oli is in a good position. Olivers is still burning ( shareholders) money and in my opinion not ready for Takeover... After a takeover at these levels, shareholders will have no chance to get their investment back.
Ann: Appendix 4C - quarterly, page-16
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Last
0.9¢ |
Change
-0.002(18.2%) |
Mkt cap ! $3.966M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $7.232K | 792.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 185467 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 100000 | 1 |
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| Last trade - 14.15pm 15/11/2024 (20 minute delay) ? |
| OLI (ASX) Chart |