They also carried a big load of debt at that time too. The company is in a far better position today than around the GFC - with US$80m+ in cash and investments (80 odd cents per share) and no debt. Even if FUM dropped to 1H2018 levels of US$8b, they could probably breakeven at an EBIT level comfortably without doing anything from the normal. Major cost for these guys is employee expense. This could be managed relatively easily during this period if required (pay cuts, redundancies). It just appears some big holder decided to get the hell out at any cost in a relatively illiquid stock.
They also carried a big load of debt at that time too. The...
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NGI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.04 |
Change
0.010(0.49%) |
Mkt cap ! $996.8M | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.05 | $2.00 | $312.3K | 154.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7498 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.05 | 5563 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| NGI (ASX) Chart |