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).
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Good call Fangk, point taken. A loss of NZ$1-3M NZ with cash...
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Last
54.0¢ |
Change
-0.015(2.70%) |
Mkt cap ! $185.8M |
Open | High | Low | Value | Volume |
54.0¢ | 55.5¢ | 53.8¢ | $257.3K | 473.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 25999 | 54.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
56.0¢ | 1008 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 25999 | 0.540 |
1 | 1000 | 0.535 |
1 | 1533 | 0.530 |
1 | 1800 | 0.520 |
1 | 3000 | 0.515 |
Price($) | Vol. | No. |
---|---|---|
0.560 | 1008 | 2 |
0.565 | 19005 | 2 |
0.570 | 1000 | 1 |
0.575 | 50000 | 1 |
0.585 | 1190 | 1 |
Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
54.5¢ |
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Change
-0.015 ( 0.93 %) |
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Open | High | Low | Volume | ||
54.0¢ | 55.5¢ | 54.0¢ | 167211 | ||
Last updated 15.59pm 04/06/2024 ? |
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