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This maybe a watershed for RHTWe do have a change of Management...

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WillSugges

17 Posts.

2

02/04/24

12:49

Post #: 73147405
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Originally posted by TheAnalyst007: ↑

Should get the announcement before trading tomorrow. Not entirely sure how I feel about this, I quite liked the decent cash position and zero debt they had prior to this. Now it seems they are digging into that cash and adding debt to fund an acquisition. If it delivers growth that's great, but hopefully it's not a rushed attempt to appease the market at the expense of negatively impacting its financial position in the longer run.

Perhaps best though to make my judgement when we actually know what it is they'll be acquiring and how it'll be funded!

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This maybe a watershed for RHT
We do have a change of Management & they appear more proactive than previous

Obviously the proof will be "in the pudding"

Form mine $6m on the balance sheet is lazy money, especially a company with a market cap of $30m.
Average Superfund is doing 15% atm.

Would like these funds leveraged into existing or new operations & confirmation positive EBIT moving forward.

That said, rarely get what I wish for.

RHT Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 8.0¢		Change 0.003(3.90%)		Mkt cap ! $35.75M

Open	High	Low	Value	Volume
7.9¢	8.1¢	7.9¢	$4.658K	58.18K

Buyers (Bids)

No.	Vol.	Price($)
1	1152	8.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.3¢	80000	1

View Market Depth

No.	Vol.	Price($)
1	1152	0.080
1	81906	0.079
2	91788	0.077
1	26078	0.075
1	500000	0.074

Price($)	Vol.	No.
0.083	80000	1
0.085	3708	1
0.086	34482	1
0.088	70446	1
0.090	100000	2

Last trade - 15.59pm 03/05/2024 (20 minute delay)

RHT (ASX) Chart