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?
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Mkt cap ! $15.68M |
Open | High | Low | Value | Volume |
6.4¢ | 6.5¢ | 6.4¢ | $34.79K | 542.8K |
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No. | Vol. | Price($) |
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3 | 197235 | 6.3¢ |
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Price($) | Vol. | No. |
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6.8¢ | 35000 | 2 |
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1 | 6643 | 0.062 |
1 | 16949 | 0.059 |
1 | 17241 | 0.058 |
1 | 160000 | 0.057 |
Price($) | Vol. | No. |
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0.068 | 35000 | 2 |
0.069 | 1800 | 1 |
0.070 | 70607 | 1 |
0.071 | 12000 | 1 |
0.072 | 216858 | 1 |
Last trade - 15.57pm 30/05/2024 (20 minute delay) ? |
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Change
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Open | High | Low | Volume | ||
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Last updated 15.57pm 30/05/2024 ? |
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