We are heading into a massive property down turn.
Agents all across the board reporting far lower listing numbers.
Auction clearance rates falling through the floor.
This business is likely already losing money each month. They will update the market shortly but expect a time lag as standard settlement is 42 days so will take a quarter or 2 for the reduced revenues to hit.
Sadly managment failed to scale quick enough whilst sucking excessive salaries out of the business.
10x
Ann: March Qtr Update & Appendix 4C Growth in revenue & cashflow, page-11
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.000M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 77158 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 132873 | 2 |
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| Last trade - 10.00am 19/06/2024 (20 minute delay) ? |
| AU1 (ASX) Chart |
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