Hi,
INL is an excellent compnay and will make heaps of profits inthe future - I have no doubts about that.
The reason INL has been sold down is:
Market does not like up and coming companies to take theie eyes off the ball by trying to do too much in the initial phases. Recently INL has been trying to take on too much work (JRV purchase, now increasing BSM stake etc etc.). If management focusses on the job in hand and get decent cash build up behind it - the market will rate it highly - you just have to get some runs on the board first. I wish they just concentrate in building a steady stream of positive cash flows for now.
why inl has been sold down
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Last
32.0¢ |
Change
-0.020(5.88%) |
Mkt cap ! $60.73M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.0¢ | $42.42K | 129.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3628 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 77500 | 2 |
View Market Depth
| Last trade - 15.56pm 27/05/2024 (20 minute delay) ? |
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Last
32.5¢ |
Change
-0.020 ( 1.52 %) |
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| Open | High | Low | Volume | ||
| 33.0¢ | 33.0¢ | 32.5¢ | 35964 | ||
| Last updated 15.50pm 27/05/2024 ? | |||||
| SDV (ASX) Chart |