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2.11%

$8.80 korvest ltd

Hi Adam, Given the significant poor performance, I wonder what...

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zaidi675

407 Posts.

21

07/08/17

14:03

Post #: 26337867
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Originally posted by madamswer ↑

While they have been borrowing to pay dividends over the past 12 months, which is obviously unsustainable, there are some slime shards of hope in the details of this result (although not sufficient enough for the market to warm to right now... in fact, I was surprised the share price did not go down after the announcement of 29 June which foreshadowed this result).

They made a full-year loss, directionally there was a half-on-half improvement, with a 10% increase in JH2017 Revenue vs DH2016.

And EBITDA was just above break-even in JH2017, compare with a $630k EBITDA loss recorded in DH2016

Cigar butt investing for you: it's like crawling over broken glass at times.

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Hi Adam,
Given the significant poor performance, I wonder what is your investment thesis on this one to continue investing?
Cheers,
Tabish

KOV Price at posting: $2.40 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $8.80		Change -0.190(2.11%)		Mkt cap ! $102.7M

Open	High	Low	Value	Volume
$8.99	$9.00	$8.75	$226.6K	25.54K

Buyers (Bids)

No.	Vol.	Price($)
1	40	$8.81

Sellers (Offers)

Price($)	Vol.	No.
$8.88	350	1

View Market Depth

No.	Vol.	Price($)
1	2426	8.800
1	2698	8.750
3	1274	8.730
1	200	8.700
1	1400	8.600

Price($)	Vol.	No.
8.880	350	1
8.900	767	1
8.940	140	1
8.950	1673	1
9.040	1000	1

Last trade - 15.54pm 14/06/2024 (20 minute delay)

KOV (ASX) Chart