The market has begun to shift to an increasing interest rate environment. ROI for IDSB was about 2.5%. 2 year US Treasury bonds currently yield 2.77%. The valuations on businesses losing money is decreasing. You can't value IOU the way you did 12 months ago. They have had an extremely good opportunity with the $50m raise and the plan has not eventuated the way I would have liked. The current position of the business has made the investment questionable.
Do management have a plan? Maybe. Does anyone know what it is? No. How do you accurately attach a valuation of $60m when there's just so many unknowns?
The market has begun to shift to an increasing interest rate...
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Last
4.1¢ |
Change
0.005(13.9%) |
Mkt cap ! $83.23M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 4.4¢ | 3.4¢ | $4.062M | 104.3M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1562346 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 390000 | 2 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| OVT (ASX) Chart |