I genuinely think that a business with ~$150m revenue which just lost $8m isn't worth more than around $200m market cap. If it can prove it can be profitable, then the price will change, but not until it can prove profitability.
Even at $1.20 SP the market cap is still close to $500m. I think the share price still has to halve again before it settles down. 50c-75c is my estimate.
I genuinely think that a business with ~$150m revenue which just...
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Last
$1.17 |
Change
0.065(5.88%) |
Mkt cap ! $446.0M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.23 | $1.11 | $17.17M | 14.64M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11146 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 51466 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CTT (ASX) Chart |