I think it's very obvious.
The main issue is the fall out from GovERP. Agencies are yet again under no pressure to implement solutions like E8. The SAP ECC extension also doesn't help, meaning ERP transformations are delayed again as legacy software are extended. See https://www.itnews.com.au/news/dta-buys-time-for-gov-agencies-to-migrate-off-older-sap-instances-615270.
Whether some agencies implement prior to that is up to chance.
Also I don't believe no one will buy the company in the current state. The amount of contracts and reputation 8CO has with government is worth good money.
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Last
2.2¢ |
Change
-0.002(8.33%) |
Mkt cap ! $4.930M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.2¢ | $4.516K | 205.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 239858 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 301876 | 2 |
View Market Depth
| Last trade - 11.46am 04/08/2025 (20 minute delay) ? |
| 8CO (ASX) Chart |