Patience will be repaid here.
The business is growing, and every additional customer adds value, and is one fewer any potential competitor can secure. The time for a rerate is approaching, and will be underpinned by quarterlies showing profitability.
At the moment, there are some buyers dithering over whether to buy now or see if they can wait a little. I suspect they will be disappointed they didn’t hold when the share price starts moving, but they will begin piling in when the price is appreciating.
This is a sustainable, growing business that is easy to hold. That it is also a likely takeover target at some point helps.
Ann: Flash update - Profitable FY23, page-9
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Last
9.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $41.19M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 231467 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.8¢ | 17625 | 1 |
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| Last trade - 16.14pm 05/07/2024 (20 minute delay) ? |
| KYP (ASX) Chart |
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