They driven it down too low - sell off was justified but was irrational now for valuations to normalise in line with industry and sector minimum 2x sales as it currently stands is approximately $4.50 continuing revenue growth will see that figure higher. But around 2x sales need to see cashflow - minimum AU$40m and that's when bids will really come in as thats ~10% cashflow yield where 7x sales is justified.
APX Charts, page-1241
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Last
$1.96 |
Change
-0.010(0.51%) |
Mkt cap ! $437.2M | |||
| Open | High | Low | Value | Volume |
| $1.99 | $2.02 | $1.92 | $14.14M | 7.169M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 48997 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 2996 | 1 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| APX (ASX) Chart |