AVA needs to establish a profitable track record.
I've pulled these historical figures out for AVA/FFT and it's not great to look at. Their best year was 2015.
The wheels fell off in 2016 and it's been profitless growth since then. This stock listed in 2015 at 70c so shareholders have been unrewarded for a long time. There's probably some stale shareholders taking the opportunity to exit now while there's some liquidity. The overhang of a potential capital raising also isn't helping.
Year 2012 2013 2014 2015 2016 2017 2018 2019 (est) 1 Revenue (k) 11295 12118 13170 18101 14361 12896 19817 34000 2 NPAT (k) -1087 1009 1630 2157 -5805 -7820 -3116 -5000
The next FY looks promising but the market is possibly a bit wary given their history.
four big deals in three weeks, page-4
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $23.77K | 224.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 238656 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 14000 | 1 |
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| AVA (ASX) Chart |