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
As ROEROC pointed out nicely re: proportionality of revenue to...
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Last
$13.67 |
Change
-0.140(1.01%) |
Mkt cap ! $2.452B | |||
| Open | High | Low | Value | Volume |
| $13.83 | $13.87 | $13.62 | $835.2K | 60.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 954 | $13.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.68 | 537 | 13 |
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| Last trade - 13.00pm 23/07/2024 (20 minute delay) ? |
| PXA (ASX) Chart |