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?
I've said before, that in general (and Im not referring to ME1...
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $918.7K | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $10.52K | 3.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 30940726 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 20134684 | 22 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| ME1 (ASX) Chart |