I've been a follower since day 1 and Justin has always painted a big picture but the delivery was extremely underwhelming.
I dont think small wins/contracts can save this stock. If you have at the latest 4C, they made $1.6m in revenue for the first half, but it looks like they spent $2.5m on operation costs and another $1.67m on capex. The capex bit will be part of depreciation & amortisation expense, I'm not sure how to quantify it because I dont know the life of the PPE they purchased. Judging from the operation costs though, they made $900k in loss in EBITDA.
We haven't seen any news of contract wins from Bibra Lake. Justin loves to brag, so I assume they haven't won anything. So unless they can secure big wins from their main DC being Bibra Lake, this stock will remain a dog stock.
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I've been a follower since day 1 and Justin has always painted a...
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Last
4.2¢ |
Change
-0.004(8.70%) |
Mkt cap ! $7.775M |
Open | High | Low | Value | Volume |
4.6¢ | 4.6¢ | 4.2¢ | $43.56K | 990.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.039 |
1 | 5472 | 0.036 |
1 | 124004 | 0.034 |
3 | 271388 | 0.032 |
1 | 250000 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 100000 | 1 |
0.046 | 123555 | 2 |
0.047 | 713605 | 1 |
0.048 | 184482 | 2 |
0.049 | 628057 | 3 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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