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.
Just looking at those numbers:$16.25m of 'pro-forma' cash versus...
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $58.67M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 29.0¢ | $12.04K | 40.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22728 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 43520 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CAF (ASX) Chart |