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

CXM

Click for more information

3.77%

5.1¢ centrex limited

Below the 5.7c price now.5.5c already.Time to buy?

First 63 Last

Share
Profile

Follow
61212305

1,130 Posts.

117

07/02/24

11:16

Post #: 72279985
Share

Originally posted by Happ: ↑

You don't need to keep the share price above 5.7c as no one in their right mind would sell below 5.8c in any case.

1. There is no arbitrage below 5.8c.
2. There is no guarantee that they would be able to get back in through SPP.
3. At 5.8c the company is valued at about $55mln including $10mln in cash, profitable operation of 240kt per annum and guaranteed expansion to 625 kt per annum.

Those bids and the traded 6mln shares today represent the brokers scooping up cheap shares from those who believe they would be able to get back in at 5.7c.

Funny how all the selling pressure of the past six months suddenly disappeared once those who wanted in suddenly got what they wanted.

Expand

Below the 5.7c price now.

5.5c already.

Time to buy?

CXM Price at posting: 5.7¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 28 more messages in this thread...

First 63 Last

Add CXM (ASX) to my watchlist

(20min delay)
Last 5.1¢		Change -0.002(3.77%)		Mkt cap ! $43.71M

Open	High	Low	Value	Volume
5.3¢	5.3¢	5.0¢	$35.19K	679.1K

Buyers (Bids)

No.	Vol.	Price($)
1	246600	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	246600	0.050
2	182857	0.049
3	394315	0.048
1	6000	0.047
1	330	0.046

Price($)	Vol.	No.
0.051	50000	1
0.052	45250	1
0.053	18000	1
0.054	10000	1
0.055	59236	1

Last trade - 14.53pm 08/05/2024 (20 minute delay)


Last 5.0¢			Change -0.002 ( 5.66 %)
Open	High		Low	Volume
5.2¢	5.2¢		5.0¢	282678
Last updated 15.33pm 08/05/2024 ?

CXM (ASX) Chart

SPONSORED BY