One should hear other's opinion but DYOR before arriving at conclusion.
IMHO, Debt is an issue, particularly, serving it during the down period and covenants which may push them to capital raise/dilution via other instruments.
They are in sustained downtrend for last four years - what will change their market share/profitability! What is wider IP market growth in Australia-Pacific, probably, capped for now IMO. I believe there is more downside probably below 90c, but that's just my opinion, market can be spooky and we have seen worthless stocks getting 100 times their valuation in this bubble.
One should hear other's opinion but DYOR before arriving at...
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Last
$1.68 |
Change
-0.005(0.30%) |
Mkt cap ! $235.2M | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.72 | $1.67 | $474.1K | 281.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5989 | $1.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 2500 | 1 |
View Market Depth
| Last trade - 15.57pm 03/05/2024 (20 minute delay) ? |
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Last
$1.68 |
Change
-0.005 ( 0.30 %) |
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| Open | High | Low | Volume | ||
| $1.71 | $1.72 | $1.68 | 4781 | ||
| Last updated 15.08pm 03/05/2024 ? | |||||
| QIP (ASX) Chart |