I agree with @Luvlife and @RedRooster2. It is hard to work out why the selling pressure continues day in day out.
This is my own wild speculation, but I wonder if prior management/directors are the sellers as they need to cash in their chips for personal reasons and simply do not want to hang around to see if the new management/directors turn the ship around at TEG. They have large shareholdings
Speaking of turning the ship around I think TEG is in the best shape it has been for years as I like to focus on operating cashflow and free cashflow (after CAPEX) as the last nine years shows:Operating Cashflow
(millions)
2014
2015
2016
2017
2018
2019
2020
2021
Mar 2022
1 -2,578
-2,553
-1,310
-667
-86
1,354
651
-5,459
1,996
Free Cashflow i.e. after capital spending (CAPEX)
(millions)
2014
2015
2016
2017
2018
2019
2020
2021
Mar 2022
1 -2,649
-2,553
-1,340
-1,004
-2,981
-4.033
-3,544
-8,875
-437
The improvement in TEG for the financial year just finished (nine months to 31 March 2022 in these figures) speaks volumes when compared to prior years.
AIMO.
GLTAH.
Ann: Second Cliff Head Load and Oil Export, page-37
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Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $14.56M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $20.06K | 2.866M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 7928270 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 895979 | 3 |
View Market Depth
| Last trade - 12.01pm 08/11/2024 (20 minute delay) ? |
| TEG (ASX) Chart |