It's basically trading at cash NTA so at this price you are getting the business for free. Thats obviously why Microequities brought into it. They have made $2.5m in the last 9 months. The last quarter is seasonally the worst for them with in relation to defaults so my guess is that they will be more profitable in Q4. I think the CL is a great idea, low cost way to grow their business and won't distract them from their core business. Great opportunity here to get a good business for free.
It's basically trading at cash NTA so at this price you are...
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Last
49.5¢ |
Change
-0.025(4.81%) |
Mkt cap ! $23.27M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 49.5¢ | $15.52K | 31.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 319 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.5¢ | 4925 | 1 |
View Market Depth
| Last trade - 12.41pm 15/05/2024 (20 minute delay) ? |
| B4P (ASX) Chart |