No offence, and only my opinion but the market is not responding well to business with negative profit.
I refer you to their report. Page 37 -section 4.3 on future outlook where ebitda is expected to be at breakeven by late FY18.
I am not saying the share price won't appreciate in this time, but for many investors positive profit is an important factor.
I don't see value at these levels and would probably be a buyer in the 50c to 65c range.
Chart, page-45
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $177.5M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 15.5¢ | $83.87K | 517.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31018 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 60009 | 1 |
View Market Depth
| Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
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Last
16.0¢ |
Change
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| Open | High | Low | Volume | ||
| 16.5¢ | 16.5¢ | 15.5¢ | 102645 | ||
| Last updated 15.59pm 19/04/2024 ? | |||||
| FLC (ASX) Chart |