Do u know when in August the report is due?

First 7 Last

Share
Profile

Follow
JoEse

22 Posts.

22

13/08/18

18:44

Post #: 34907691
Share

Originally posted by kellbys ↑

From what i can see the share price has consolidated recently in this .92c to $1.03 range in the last month after a massive debut on listing back in May only 3 months ago.

Their was a lot of hype on listing that moved the share price to a massive $2.03 before the expected retrace to a more realistic share price in the mid ninety cent range with a $70 million MC.

With so few shares on issue and the Top 20 holding over 88% of stock and much of those held by management in escrow, it's not surprising that the stock runs hard.

So now we have had a savage end of financial year tax loss sell down to .85c followed by a period of consolidation in the mid ninties as new investors come onboard before the Company makes it's next growth move. There is however a lot of stale holders who bought in the $1 to $1.50 range in late May sitting on losses and getting impatient to sell whilst waiting on news.

The key driver that the market is waitting for are the 2018 Financial Report to verify that rhe Company is infact becoming a more profitable business now with the roll out of Living Health products across 500 Terry White Chemists and more importantly first online sales into the vertly lucrative Chinese market. So until we have confirmation of increased annual profits expect the share to continue to consolidate around $1.

The Company has stated Financial will be released in August. With the release of news of this Ausway Group acquisition i would expect to see those Financials released most likely next week as management will be keen to boost the share price to keep the 30 day VWAP as high as possible to minimise dilution in the acquisition of the Ausway deal which is 50% cash and 50% Script. Higher the share price the less amount of shares to issue as part of the deal.

This Ausway deal valued at $10 Million is very good value for the Company that is going to add at least $ 1 Million in after tax profit to the Company each year and also create synergistic savings to the combined group as well as diversify the product range and more importantly open up established sales routes into the lucrative Chinese and European market places for S66. That can only be good for business and long term profits IMO!

Expand

Do u know when in August the report is due?

S66 Price at posting: 93.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

COB

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

OJC

SPC to merge with Original Juice Co and Nature One Dairy

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

There are more pages in this discussion • 7 more messages in this thread...

First 7 Last

Add S66 (ASX) to my watchlist

(20min delay)
Last 15.0¢		Change 0.000(0.00%)		Mkt cap ! $20.26M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	4129	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.0¢	4129	1

View Market Depth

No.	Vol.	Price($)
1	4129	0.145
1	20000	0.140
2	69626	0.135
2	105000	0.130
1	36500	0.115

Price($)	Vol.	No.
0.150	4129	1
0.160	14000	1
0.165	7100	1
0.170	85719	1
0.185	4500	1

Last trade - 16.12pm 02/10/2024 (20 minute delay)

S66 (ASX) Chart

Day chart unavailable

Do u know when in August the report is due?

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

SPC to merge with Original Juice Co and Nature One Dairy

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Do u know when in August the report is due?

Top Stories

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

SPC to merge with Original Juice Co and Nature One Dairy

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News