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
55.5¢ |
Change
-0.015(2.63%) |
Mkt cap ! $191.0M |
Open | High | Low | Value | Volume |
56.5¢ | 56.5¢ | 54.0¢ | $73.87K | 135.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 53.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
55.5¢ | 5467 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 0.535 |
2 | 2478 | 0.530 |
1 | 3000 | 0.515 |
2 | 18100 | 0.510 |
1 | 7735 | 0.505 |
Price($) | Vol. | No. |
---|---|---|
0.555 | 5467 | 2 |
0.565 | 19382 | 3 |
0.570 | 1176 | 2 |
0.575 | 50000 | 1 |
0.580 | 1000 | 1 |
Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
54.0¢ |
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Change
-0.015 ( 3.57 %) |
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Open | High | Low | Volume | ||
56.0¢ | 56.0¢ | 54.0¢ | 107619 | ||
Last updated 15.39pm 03/06/2024 ? |
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