Maybe they are about to do a cap raise? Net current assets looks bad, and got worse versus pcp, even allowing for the spare $9m debt facility. Something to watch out for if you are feeling excited by the market action. The operating cashflow looked great, but maybe some customers have paid up front, with some inducements perhaps, and maybe some bills have piled up.
Any trouble getting payments up front in future will send CAT to their friendly investment banker pronto.
Still maybe they can continue riding on these favourable contract terms and grow out of the problem.
Maybe they are about to do a cap raise? Net current assets looks...
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Last
$2.08 |
Change
-0.090(4.15%) |
Mkt cap ! $544.0M | |||
| Open | High | Low | Value | Volume |
| $2.13 | $2.13 | $2.06 | $968.5K | 462.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2516 | $2.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.10 | 2516 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| CAT (ASX) Chart |