The brutality of the price drop indicates a long term spiral. Can't really see them doing anything other than heading to shutting down sections of the business. Certainly no growth.
They failed to go digital early, no one cares about local radio, and the offerings are so poor compared to Spotify/Apple Music, there is no point.
Race to the bottom and break up?
The brutality of the price drop indicates a long term spiral....
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Last
60.0¢ |
Change
-0.005(0.83%) |
Mkt cap ! $143.9M | |||
| Open | High | Low | Value | Volume |
| 60.5¢ | 60.5¢ | 59.5¢ | $53.38K | 88.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 31760 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 1916 | 8 |
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| Last trade - 14.43pm 16/08/2024 (20 minute delay) ? |
| SXL (ASX) Chart |