Number of tech stocks that share the same problem as CCA.
Its been around a while and has failed to deliver so its in the dog house and what appears positive news will not drive the share price up unless it is related to a large increase in cash receipts. Put simply people have hard it all before re deal flow etc and just want to see cash. So the 4c whilst OK was not great and at current burn rates a raise is possible. I know that their are debtors, timing issues re receipt of cash but no one trusts them.
Its all above the cash flow.
Ann: FY21 Q2 Global Trading Update & Appendix 4C, page-53
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Last
7.5¢ |
Change
-0.004(5.06%) |
Mkt cap ! $47.07M | |||
| Open | High | Low | Value | Volume |
| 7.9¢ | 7.9¢ | 7.4¢ | $31.14K | 409.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 525099 | 7.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.5¢ | 768389 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CCA (ASX) Chart |