As ROEROC pointed out nicely re: proportionality of revenue to cost, they effectively have little operating leverage, i.e. to make more margin for each incremental revenue $. So no matter how much revenue growth they achieve, they are spending it just as fast and earning next to no margin therefore a pointless business... You operate a biz to earn a profit / return for shareholders either through dividends or capital gain / value creation. They are value destroying at this burn rate and we will never see a return from these levels as all the value and more is already baked into the share price if not overvalued.
Expecting the market will wake up to this and a fair valuation lower than present to <$12
Ann: PEXA Group Response to ARNECC Ministerial Forum, page-30
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Last
$13.88 |
Change
-0.100(0.72%) |
Mkt cap ! $2.462B | |||
| Open | High | Low | Value | Volume |
| $13.96 | $13.97 | $13.81 | $2.425M | 174.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 965 | $13.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.89 | 800 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PXA (ASX) Chart |