With the way they burn cash on overheads and what they have left in their share of the funds they manage I am not sure the negative enterprise value is not close to offset by its case investments. It’s a 40c stick at best in my opinion .
They are lucky there are some big institutions that probably can’t sell as there is simply no buyers .
If one them goes hard then it will be a 40c share.
Convince me there is upside in a company that is addicted to spending on its overheads .
Ann: CBA Class Action Judgment, page-15
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89.0¢ |
Change
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Mkt cap ! $251.4M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 620 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 18000 | 1 |
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