Opex reduction is already built into the forecast... so no more improvement to come. Imo, it's a lot of window dressing to get to a nominal profit.
Good to see they have arrested the cashburn but given that CAR has fallen to 31% in one quarter, they are running out of wriggle room if they didn't.
Given my low entry price, I'm happy to hold but think they are priced to perfection on their execution risk and don't see a meaningful enhanced takeover offer in the wings.
Opex reduction is already built into the forecast... so no more...
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Last
92.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $478.7M | |||
| Open | High | Low | Value | Volume |
| 92.0¢ | 92.5¢ | 90.3¢ | $1.261M | 1.379M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 58112 | 92.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.5¢ | 39099 | 17 |
View Market Depth
| Last trade - 13.31pm 25/07/2024 (20 minute delay) ? |
| TYR (ASX) Chart |