Yes, on the surface it looks good but the bottom line disappoints again. I contacted them for an explanation on how revenue can go up and expenses down and still end up with a bigger loss. Anyhow, it seems they are deferring some cost savings such as the reduction in headcount/streamlining of services.....don't ask me to explain the reasoning of this or how it works. Anyway, I think they are putting all the bad eggs in this result and hoping to show a massive turnaround in H2 where a number of cost savings will be included. Time will tell but I will wait and see how this ends with the H2 results.
Yes, on the surface it looks good but the bottom line...
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Last
5.2¢ |
Change
0.002(4.00%) |
Mkt cap ! $18.46M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.2¢ | 5.2¢ | $1.671K | 32.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 73200 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 50000 | 1 |
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| Last trade - 11.58am 03/05/2024 (20 minute delay) ? |
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Last
5.3¢ |
Change
0.002 ( 3.92 %) |
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| Open | High | Low | Volume | ||
| 5.2¢ | 5.3¢ | 5.2¢ | 67898 | ||
| Last updated 14.33pm 03/05/2024 ? | |||||
| NOV (ASX) Chart |