With ~$15M cash at bank after the previous results and presumably much more now given projected sales growth what are we looking at in terms of best use for this?
Dividends, expansion or acquisition? There are still a boat load of me-too type distributors with various SKU's locked down. CanView can only be as good as its range. Anytime I need to wander off their platform and deal with smaller suppliers it becomes an enormous headache. If any directors wander in here - please consolidate supply further. Thoughts from the peanut gallery as to the best use of this cash?
Cash at Bank
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Last
9.6¢ |
Change
-0.002(2.04%) |
Mkt cap ! $55.28M | |||
| Open | High | Low | Value | Volume |
| 9.7¢ | 9.9¢ | 9.4¢ | $32.49K | 338.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 46714 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 9000 | 1 |
View Market Depth
| Last trade - 15.25pm 13/05/2024 (20 minute delay) ? |
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Last
9.6¢ |
Change
-0.002 ( 1.03 %) |
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| Open | High | Low | Volume | ||
| 9.7¢ | 9.9¢ | 9.3¢ | 99845 | ||
| Last updated 15.22pm 13/05/2024 ? | |||||
| VIT (ASX) Chart |