Agree there's lots of things wrong with this company. But even when you discount for them possibly having to commit 80 million for those bonds, the market still values the company's net assets at zero. There needs to be a discount for past mismanagement, for sure, but I still can see some potential upside in the future. We just need the "new" management to show some minimal competency. That's a low bar to clear, IMHO, and a risk I'm willing to take.
Ann: Quarterly Report Q2 FY24, page-18
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $184.0M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.8¢ | 21.5¢ | $512.5K | 2.296M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 492803 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 548490 | 8 |
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| SBM (ASX) Chart |