This is still going to be a company that generates $600m in revenue and a healthy profit (still growing I hope), this is still going to be a company with good cash position with low debt. It is acknowledging its challenges ahead and is saying that it has plans in place to hopefully stay ahead of the competitors.
IMO, the chance of the company going belly up is low, one should worried about companies with much higher leverage going belly up. AI trend should be here to stay. It all comes down to the company's execution of its long term plan and I believe in the long run investors will once again move from value back into growth and tech. I have been in this position/cycle before with STO, TRS, NCM and BBN, all at some point were doom and gloom but managed to come back strongly after a few years. Even FMG was trading at under $3 few years back, look at where it is now.
At this stage, I am happy to ride this one out. DYOR.
Ann: Response to ASX Price Query, page-61
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Last
$1.96 |
Change
-0.030(1.51%) |
Mkt cap ! $439.6M | |||
| Open | High | Low | Value | Volume |
| $1.96 | $2.05 | $1.90 | $16.06M | 8.159M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 70913 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 5000 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| APX (ASX) Chart |