AX1 was at $2 on 17/2/2020 before big covid sell off. It now has has at least 4 months of over half their business closed (july - october) and according to last report reducing EBIT $7.5m per month. So doing the sums that is $30m reduction in EBIT and that is best case. Who knows WTF these State premiers are doing next. ACT annouced today locked down until 15 October.
AX1 is a great company but it is going to take a big hit to the bottom line
It was trading at $1.60 around the time they released FY20 results of $87.2m EBIT. EBIT for FT21 was $124.9m (how much of this is job keeper?)
AX1 was at $2 on 17/2/2020 before big covid sell off. It now has...
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Last
$1.79 |
Change
-0.045(2.45%) |
Mkt cap ! $1.007B | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.85 | $1.79 | $2.222M | 1.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 32678 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 434 | 1 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
$1.80 |
Change
-0.045 ( 2.06 %) |
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| Open | High | Low | Volume | ||
| $1.85 | $1.85 | $1.79 | 228750 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| AX1 (ASX) Chart |