Company trading on margins of 2% after paying tax.
Not your sort of buffer and wouldn't take much for a blow out in expenses to rip apart their cash balance.
As it stands Profit after tax went backwards $630k.
Cash at bank decreased $450k. (These are the red flags.)
Yes, revenue increased $165 million but again check those margins.
All that extra work and revenue for sweet FA..!
In a rising interest rate environment any wonder the market is not confident positive cash flows will remain.
This is the reason this company trades at cash backing.
Who knows when they are going to be left holding the bag.
Company trading on margins of 2% after paying tax.Not your sort...
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.89M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.5¢ | $6.006K | 44.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 63955 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 28513 | 1 |
View Market Depth
| Last trade - 12.14pm 25/07/2024 (20 minute delay) ? |
| WSI (ASX) Chart |