Just looking at those numbers:
$16.25m of 'pro-forma' cash versus a market cap of $18.6m.
Free cash of $5m per annum versus $5.5m of claim provisions.
Now this is looking like a no-brainer as they have ample liquidity. Even the company should be buying back its own shares. Let TIGA's controlling stake rise...it's still enormously value accretive.
I can only imagine its the fundies facing redemptions that are forced sellers.
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Last
40.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $80.54M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 40.5¢ | 40.0¢ | $21.47K | 53.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 27939 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 11187 | 1 |
View Market Depth
| Last trade - 15.24pm 01/08/2025 (20 minute delay) ? |
| CAF (ASX) Chart |