They've been a bit salty about the (low) share price and some of their justification (comparison) seemed a bit of a stretch which led me to believe they'd like to raise again.
But my take was they'd like to raise to maybe acquire some cheap new assets rather than fund the existing operation. If they need more cash just to fund business as usual then watch out below.
I'm holding for time being on the expectation they can improve profitability and cashflow of existing operations from here. Just my humble opinion.
Ann: Half year results release and conference call details, page-7
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Last
39.0¢ |
Change
0.010(2.63%) |
Mkt cap ! $169.0M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.0¢ | 38.5¢ | $185.9K | 480.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 85691 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 11169 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| FDV (ASX) Chart |