My reasoning below.
- Spectur paid high prices for both capital raising. And diluted shareholders heavily
- They took debt funding without any real path to CF+
- They've hired more sales staff than they need. Still, they retain large amounts of sales even when there's a pipeline of work so great it'll take them a while to work through.
What's more, they retained sales staff through COVID, when sales took a hit.
- They spent management time and effort (ongoing) reviewing M&A candidates. More fees will be spent on legal/DD and so on
I can respect spending much needed cash to sure up inventories. But the above is not reflective of a company striving to stop diluting shareholders.
This would do much better if taken over and appended to a company with a broader product suite, simply to remove/trim the admin/overheads.
I could be very wrong on this. And if it works out, the upside is massive (10x would still be sub $60m). But it needs the right management focus.
I don't think that's in place.
- Forums
- ASX - By Stock
- SP3
- Ann: Spectur Limited to acquire 3 Crowns Technologies
Ann: Spectur Limited to acquire 3 Crowns Technologies, page-15
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SP3 (ASX) to my watchlist
|
|||||
Last
2.0¢ |
Change
0.002(11.1%) |
Mkt cap ! $5.814M |
Open | High | Low | Value | Volume |
1.8¢ | 2.1¢ | 1.8¢ | $8.122K | 416.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 92017 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 203398 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 92017 | 0.020 |
2 | 220262 | 0.018 |
3 | 700140 | 0.017 |
3 | 1218750 | 0.016 |
1 | 500000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 203398 | 1 |
0.022 | 109551 | 1 |
0.023 | 700000 | 1 |
0.024 | 66700 | 2 |
0.026 | 112196 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
SP3 (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online