I agree that cashfow is also an issue but debt is more of an issue for me.
Re: dividends, I strongly disagree that they should even think about this until debt is under control. Priority number 1, 2 and 3 would be debt debt and debt.
I was a holder but exited relatively unscathed a year or so ago and kept it on my watchlist but even at today's price (even lower than when it IPO'ed), I would not invest because of the debt. Take way the debt, the company is worth 5x or more.
The tyre recycling business sounds good, but I am sceptical as to why this was not done before. Capex is low, and it is not a high tech that requires speciality. Even if they pull it off, what is to say other competitors won't also jump in?
I agree that cashfow is also an issue but debt is more of an...
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Last
6.0¢ |
Change
-0.002(3.23%) |
Mkt cap ! $14.70M | |||
| Open | High | Low | Value | Volume |
| 6.3¢ | 6.3¢ | 6.0¢ | $43.66K | 705.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 295816 | 6.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.2¢ | 108642 | 1 |
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| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
6.0¢ |
Change
-0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 6.3¢ | 6.3¢ | 5.9¢ | 249293 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| RPM (ASX) Chart |