See this is the problem it is always wrong for a company to focus on the share price and try to please the market ( its not predictable), this is a human bias and distorts focus away from what should be the ultimate goal: Maximizing longterm cashflows for the business and shareholders while keeping risk low. Hope new board sees it as well.
I preferred Pryank and Gilbertson because then it was easy to predict the absolute returns for me, it was transparant and easy to understand and the risk and reward was positive for the given price. With the new board could absolute returns be higher? OFC but they could also be way lower, there is more uncertainty and unquantifiable risk. The things that have been going on certainly seem a bit shady with the new board including their statements.
One big risk I see that some people on here seem to want is rushed M&A, or generally actions where the reason why they are doing it is primarely to appease/please the shareholders and the market. This would be a prime example of focus on the wrong thing and human bias that will lead to value destruction. If they are honest longterm shareholders(which is the next question mark), they probably know how to maximise longterm value for the business better than most people on this forum.
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Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $401.9M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 20.3¢ | $391.3K | 1.907M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 744417 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 1801 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 744417 | 0.200 |
14 | 751953 | 0.195 |
10 | 969256 | 0.190 |
8 | 828560 | 0.185 |
17 | 1366842 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 1801 | 1 |
0.210 | 541374 | 8 |
0.215 | 487478 | 11 |
0.220 | 231099 | 4 |
0.225 | 310000 | 4 |
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