It seems that what was supposed to be a long-term investment in my portfolio will now become a very-long-term position. The 1H results were disappointing, at least in context of previous market updates reporting growth in revenue which as it turned out did not contribute to EPS. Now, following the CR it will take even longer to see a decent EPS.
Each time I see a company with such high market capitalisation delivering so little profits, I can't resist impression that it would be more profitable to us shareholders to sell the assets and bring the cash to a nearest bank branch for a 2% term deposit.
I have changed my sentiment from Buy to Hold, let's wait and see how it plays out.
It seems that what was supposed to be a long-term investment in...
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.09M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $9.402K | 88.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 244495 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 16144 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NOU (ASX) Chart |