Agree with Arrow666. A new raise at this share price would also cause a much higher dilution. Better to raise after a great announcement or financial report after the share price soars.
The gemini development will allow SNS to remain much more of a capital light business, however that said I would expect a raise sometime in the next 12 months, and if it is to go after more opportunities, then I'm all for it.
The market doesn't like this update because of low cash in Q4 and revenue contraction during FY19. However, I'm loving this update. FY19 was about building the base and pipeline, governments and casinos are slow to move but stickier clients. Optimistic of some new client wins in FY20 and some decent rev growth. If they can pull off transurban I think you'd see some double digits gains off the back of that.
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Agree with Arrow666. A new raise at this share price would also...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 95000 | 3.1¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 95000 | 0.031 |
1 | 165750 | 0.029 |
1 | 35714 | 0.028 |
1 | 124977 | 0.025 |
1 | 280000 | 0.024 |
Price($) | Vol. | No. |
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0.036 | 375000 | 2 |
0.037 | 129231 | 1 |
0.040 | 149999 | 2 |
0.045 | 140000 | 1 |
0.046 | 75000 | 1 |
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