It’s all about appetite for risk from here. Most listed asx construction companies have gross margins between 10 & 15%. I can’t think of a construction company that didn’t bottom during COVID. As stated by others a reasonable funding facility could double this overnight and further project announcements will provide further support for the SP. If DEL deliver this project within budget at near a 10% gross margin and considering the two year contract to follow, I struggle to imagine how it could trade below 10-15 cents. Too many times investors jump as the turnaround story begins to unfold.
GLTAH
Cheers Rb
It’s all about appetite for risk from here. Most listed asx...
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Last
3.9¢ |
Change
-0.002(4.88%) |
Mkt cap ! $8.413M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.3¢ | 3.5¢ | $11.59K | 309.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 189926 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 44507 | 1 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
4.0¢ |
Change
-0.002 ( 2.44 %) |
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| Open | High | Low | Volume | ||
| 3.9¢ | 4.0¢ | 3.9¢ | 71145 | ||
| Last updated 13.45pm 17/06/2024 ? | |||||
| DEL (ASX) Chart |
