Or they finally sell their Property asset.
And/Or they finally start receiving cash payments for their outstanding legacy jobs
And/Or they finally start receiving cash on better terms for their new work negotiated at better margins gradually taking pressure off their balance sheet.
They suggested they'd reviewed all their contracts some months back under new management and on the closure of bad legacy jobs so any new surprises on the contract assets front would be a shock (to me at least).
If they've really improved their terms and delivery and their bank continues to be supportive then pressure should be reducing from here. Given they've been suggesting they've got through the worst without another raise I'm not sure why they'd raise now, better to wait until they have some runs on the board.
Of course they're (seemingly always) only one crap project away from another crisis but there's an argument that now is an attractive time to be taking a position.
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Or they finally sell their Property asset. And/Or they finally...
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.12M |
Open | High | Low | Value | Volume |
29.0¢ | 29.0¢ | 29.0¢ | $467.2K | 1.611M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 371202 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 1401627 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 371202 | 0.290 |
4 | 1310528 | 0.285 |
2 | 12997 | 0.280 |
1 | 250000 | 0.275 |
4 | 20006 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 1216436 | 14 |
0.300 | 1814144 | 5 |
0.305 | 80602 | 4 |
0.310 | 17800 | 3 |
0.325 | 25000 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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