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3.4¢ xreality group ltd

Ann: Debt Restructure and Half Year Presentation, page-27

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Alf Tupper

168 Posts.

37

18/03/21

21:58

Post #: 51880197
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Originally posted by vagabond84: ↑

Thanks for that. Their virtual reality offering does seem to be generally quite well received. The google reviews of their Gold Coast site reads well with universal praise, esp. considering it's only been open several months.

Agree re: financial position strengthened. I looked at this when it was under a cent a couple of years ago and thought it would go under, with a mountain of debt and an unprofitable business. Now they've essentially wiped their bank debt and is at least cashflow positive at the operational level. I think it's de-risked substantially as a result of today's announcement, imo. That, combined with my expectations that more people will be going out looking for experiential offerings this year, made me take a position today. I think the risk -reward at the moment is decent, while the market cap is still low, at $8m.

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vagabond84 I will try and get to the GC one this weekend and share what I learn.

IDZ Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.4¢		Change -0.004(10.5%)		Mkt cap ! $21.30M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.4¢	$1.751K	50K

Buyers (Bids)

No.	Vol.	Price($)
1	24016	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	335480	2

View Market Depth

No.	Vol.	Price($)
1	24016	0.034
2	106060	0.033
1	90284	0.031
3	83086	0.030
1	18395	0.028

Price($)	Vol.	No.
0.038	335480	2
0.039	857173	4
0.040	487509	1
0.041	505212	2
0.043	390000	1

Last trade - 10.56am 09/09/2024 (20 minute delay)

XRG (ASX) Chart