Repositioning my portfolio a bit so went through all my stock held for this and with Beta .53 comparitive to an industry average of .95 and ROS also at -1445.9 for 99.3 percent of our revenue (Aus market, remaining is indonesian market which was much worse however not mentionable @ .7% of our revenue), im thinking we desperatly need that aquisition because core business isnt here at the moment.
Spread between buy and sell orders (as at today) is almsot certainly too wide for most of us too make money back at the current state of the market. More buy orders than sell but nothing budging. IMO our operating costs (outlined in previous announcement) are ludicrese for the current state of the company.
I was also wondering if anyone had any info/data on the possible aquisition companies. will they will fix the core business issues we have here ?
Either way i'll be sitting on this one (still) until it returns to my buy in cost and if nothing else it taught myself a valuable lesson of proper research in a company before purchase. drop your thought/opinions below on the possible turnaround of this stock or our overall direction.
Note:figures above taken from my brokerage service, i make no garrunties that they are reliable beyond the brokerage PDS. Everything expressed as opinion.
Repositioning my portfolio a bit so went through all my stock...
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