Oh dear. Their financial situation could be a lot more dire than I thought. The gearing has a real sting in the tail. I wonder where the current LVR is at ??
Lets assume that the following two companies (check the SP charts) continue to be dogs with little hope of SP improvement.
WNR - Revenue down to $2,968k (or 94%) due to poor 2022-2023 hay season.
BTC - Current NTA backing $0.0175. Cash balance as at 31 Dec 2023 was $2,119,172. First half revenue of $8,550. Expenses of $321,265.
Companies sold since 30/6/23 - SNL, ASV, APL.
Unlisted companies - MitchCap and Ordermentum. Very difficult to exit. Probably require more capital to grow or stay in business. No upside until IPO or trade sale. That could be years away.
So holders are pinning all their hopes on 4 companies: BRI, COG, SND and BSA.
Oh dear. Their financial situation could be a lot more dire than...
Add NCC (ASX) to my watchlist
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Last
42.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.99M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 42.5¢ | 42.0¢ | $50.17K | 119.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14172 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 36950 | 2 |
View Market Depth
| Last trade - 15.25pm 03/10/2024 (20 minute delay) ? |
| NCC (ASX) Chart |