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.
Ann: Q3FY24 Quarterly Activities and Appendix 4C Cash Flow Report, page-4
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Last
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Change
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Mkt cap ! $23.50M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 50.0¢ | $29 | 57 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 57 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 5 | 1 |
View Market Depth
| Last trade - 10.00am 31/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 50.5¢ | 50.5¢ | 50.5¢ | 1467 | ||
| Last updated 13.32pm 31/05/2024 ? | |||||
| B4P (ASX) Chart |