I've said before, that in general (and Im not referring to ME1 specifically here), a business with revenues of $25M - $30M annually usually only needs to make some relatively minor tweaks to stem the bleeding and it could quickly start being cashflow positive.
ME1 has recently flagged their intention to slim down the business and sell off the more difficult cash intensive parts of the group. Perhaps that's a step in the right direction?
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-16
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Last
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0.001(50.0%) |
Mkt cap ! $2.14M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $6.95K | 2.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 126 | 160113288 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 12515269 | 12 |
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| Last trade - 11.10am 16/05/2024 (20 minute delay) ? |
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Last
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.3¢ | 0.3¢ | 1969284 | ||
| Last updated 11.56am 16/05/2024 ? | |||||
| ME1 (ASX) Chart |