the algo pip trades pushing the SP down over the last few years could suggest a RL tax-loss strategy, but it does bring up more questions -
- If the algo continues after the cap-raise/ rights issue then we'll have our answer.
- what about RI's holdings - he wouldn't be happy to see his wealth-destruction from the above (even with the rights issue)?
- with a MC of $90m & 2. above & RL gone + new management, could we be heading for a delisting/ MBO by RI & directors?
- Share volumes/ liquidity in the past few months has been extremely low, contributing to SP swings. How will the new issue affect the SP?
- FLC cash position is still not clear (promises of orders on the horizon) & it's disappointing management have had to use Upwell to survive.
- No talk on China - replaced by refocus on USA (pre-china, USA was too hard due to the numerous WW utility companies in USA)
I emailed Melanie Leydin on a number of occasions recently for a T20 list but had no replies.
Sorry for the negative post, I love the FLC product offering & appreciate HC members here, but RL leaving at an all-time-low + this cap raise just asks more questions of FLC management.
Full disclosure - I sold at a significant loss a while back & have refrained from posting until today.
I would buy back in once things become clearer.
GLTA SH
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Last
17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $182.9M |
Open | High | Low | Value | Volume |
17.0¢ | 18.5¢ | 16.5¢ | $223.8K | 1.258M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 155241 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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18.0¢ | 317876 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 155241 | 0.170 |
4 | 119768 | 0.165 |
2 | 231063 | 0.160 |
2 | 84300 | 0.155 |
2 | 40500 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 317876 | 5 |
0.185 | 404985 | 8 |
0.190 | 480502 | 9 |
0.195 | 240000 | 4 |
0.200 | 253713 | 3 |
Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
17.5¢ |
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Change
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Open | High | Low | Volume | ||
17.3¢ | 18.5¢ | 17.0¢ | 113027 | ||
Last updated 14.51pm 29/04/2024 ? |
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