I agree with your below comment. I am hopeful that they'll announce something really exciting to invest in with this money, however I work for a PLC which has 100m in the bank and have done for 2 years. They've been looking for something to compliment their business and haven't. If there's nothing out there which can add value to the existing business why spend the money? Best sit tight and wait...... or look at a share buy back..
In addition, with almost $1 billion dollars in the bank the company really needs to outline its plans for an effective use of this war chest later this month .... A2M cannot just continue to sit on these funds and do absolutely nothing with them so I anticipate the market will react accordingly once these plans are announced based on whether they believe these strategies are positive or negative for the company moving forward
Deferral is not rejection! This looks like a pause whilst they clean house, page-46
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Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.87 | $6.78 | $8.532M | 1.250M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2151 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 27162 | 5 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |