16m shares traded yesterday & 21m shares traded today (of which ~8m in the closing auction at 5c)
the only time we had anywhere close to these volumes is the 4C in late April 23
someone committed to sell as they certainly took out most of the buyers at 5c......perhaps holders (or ex-holders now) anticipating a poor 4C result for 1Q24 given the cost cutting underway (although the review was flagged in the 4C on the 27th of July)
Quite an amazing set of numbers......you'd still expect ~7m in receipts even in a poor quarter (annualised ~28m), and this has a MC of ~6m now.......10m debt so ~16m EV =>surely someone looking to pick up a pretty decent number of clients will be interested at that level?
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