@Al101 or anyone else.
Please explain shareholder wealth destruction using this chart or any other chart you choose.
Profit taking @20 from every CR since 2019.
The board decides chairman who is "first among equals".
Of course, the Chair needs to keep the idiots informed as below.
Instos and ISF etc have investment committees that meet and decide where and how much capital to allocate. In this regard they are slow moving and not as nimble as retail. $20M of instos funds used up in the CR. No news on sales or new contracts (confirming indicator) = no new capital allocated.
Other observation is the $30M in buying power was used up in the last CR, instead of the $30M been used to buy at market. Now we have profit taking until the business announces a material change in $$ or contracts or some other material announcement that influences investment committees.
Until then we are on the slow growth path as implemented by the previous board.
The ASX health sector in general has been terrible over the last 4 months, no tail wind from there.
The market pays the patient investor and in this case a ST profit if that's what you want.
Kind regards
Elton John
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Last
6.7¢ |
Change
0.002(3.08%) |
Mkt cap ! $137.5M |
Open | High | Low | Value | Volume |
6.5¢ | 7.0¢ | 6.5¢ | $178.6K | 2.636M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 502 | 6.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.8¢ | 93701 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 502 | 0.067 |
4 | 77712 | 0.066 |
6 | 182822 | 0.065 |
2 | 580000 | 0.064 |
7 | 338000 | 0.063 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 93701 | 4 |
0.069 | 8673 | 1 |
0.070 | 119525 | 3 |
0.072 | 110769 | 2 |
0.074 | 30000 | 1 |
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