The sad thing is, I think management actually thought this was going to help.
Regurgitating the last report in a power point isn't going to cut it.
1. There needs to be a report or comparison to other ASX stocks that have shown the same ESP and NPAT growth and their valuations (P.E)
2. Stock buy-back! Which tell the market that the stock is seriously under valued and the Board is going to act.
3. Acquisition that grows the company or some other major corporate event.
I'm really concern about this company's leader and lack of stock market insight. I think the board and management believe the share price isn't connected to the company and they can go about collecting their paychecks even if the stock goes down to 20 cents.
That's where it's heading with this volume and management lack of care/insight.
CDA Price at posting:
90.0¢ Sentiment: Buy Disclosure: Held
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