Good call Fangk, point taken.
A loss of NZ$1-3M NZ with cash reserves of NZ$30M is really not significant (in my view) with a 80%+ GM. In particular when they are spending so much on Selling and R&D which is more than the GM (extract below) resulting in negative earnings. So, question is will Sales hold up if they had less sales force or will they acheive more $/head sales with existing team with the same / new products? That would definitely turn the company profitable.
Besides that, I can't really find any reasons for negativity. Bit stumped on the price action for a long period of time now.
I dont really understand the BOT's and technicals but all I can see the volume / trade is very small and the company valuation is getting hammered as a result. And no broker / small-micro cap fund managerseems to cover this stock of recent times. Still buying but I am wondering what I am missing. Hmmmm.....
Sept 23 report
Normalised operating expenses
Selling and administrative expenses of NZ$27.5 million for the half-year were up 38%, compared to
H1 FY23 (NZ$19.9 million). On a constant currency basis, selling and administrative expenses were
up 36%, primarily reflecting increases to sales team headcount, increases in variable sales
compensation and increased clinical development activities.
Research and development expenses for the half-year of NZ$5.1 million were down 15%, compared
to H1 FY23, primarily reflecting the capitalisation of NZ$0.6 million in research in development costs
during H1 FY24 (H1 FY23 NZ$nil).
Come on finish 1.60 plus, page-448
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Last
52.0¢ |
Change
-0.020(3.70%) |
Mkt cap ! $184.5M |
Open | High | Low | Value | Volume |
54.0¢ | 54.0¢ | 52.0¢ | $48.65K | 92.45K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 51.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
52.0¢ | 1688 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.515 |
4 | 52800 | 0.510 |
1 | 29702 | 0.505 |
12 | 77998 | 0.500 |
9 | 144061 | 0.490 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 1688 | 1 |
0.525 | 38631 | 2 |
0.540 | 15495 | 1 |
0.545 | 112600 | 3 |
0.550 | 292321 | 5 |
Last trade - 12.44pm 03/09/2024 (20 minute delay) ? |
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