I don’t buy the argument it’s unlikely they are doing investor updates without planning a CR.
every company on the ASX has an obligation to keep investors informed. You will find results presentations from Woolworths, bhp, nab, Telstra every 6 months irrelevant of CR.
in fact with small illiquid companies typically the complaint is they dont do enough to attract new investors.
earlier on this thread is an excellent summary of why tge tech is world class. on a x earnings basis the valuation is pathetic and proof of a CF+ business should Re rate over 12 months not 2x but 8-10x
I think the clue is there for us all in the presentation. They can’t say much about this qtrs results but they do say this
“early trading results are encouraging” “cost out program has been completed” ”plan is to be CF+ this year”
if they are CF+ they won’t need a CR and they are strongly indicating this is already the case
IME Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held
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