High profile companies that go into administration usually have large revenue bases, but the equity is worthless. That is the point I'm making, large amounts of revenue are pointless if you have no profitability.
I recall Slater and Gordon had a little over 1b in revenue, but ultimately collapsed to basically nothing.
Retail is also, in general, an industry where you have very large revenue numbers, but small margins and low markrt caps. I reckon Myer would have been in that boat when it was struggling a couple of years ago.
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Last
25.5¢ |
Change
-0.065(20.3%) |
Mkt cap ! $97.21M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.0¢ | 25.0¢ | $10.00M | 37.74M |
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| No. | Vol. | Price($) |
|---|---|---|
| 22 | 507081 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 135627 | 3 |
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| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| CTT (ASX) Chart |