SIO simonds group limited

Huh LOL wut? It's unprofitable despite wildly positive...

  1. 3,808 Posts.
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    Huh LOL wut?

    It's unprofitable despite wildly positive prospectus forecasts. The directors have spent $7m buying back shares for an average of 5x the current sp. It has zero cash, and net debt. It makes a substantial part of its profit from VET Fee Help, which is getting cut like an emo teen. The housing market has peaked; they couldn't even make money when it was running hot so good luck doing so now.

    Please, tell us how this is a safe bet.
 
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(20min delay)
Last
15.0¢
Change
0.005(3.45%)
Mkt cap ! $53.98M
Open High Low Value Volume
15.0¢ 15.0¢ 15.0¢ $2.822K 18.81K

Buyers (Bids)

No. Vol. Price($)
1 7500 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.0¢ 81187 1
View Market Depth
Last trade - 09.59am 23/06/2025 (20 minute delay) ?
SIO (ASX) Chart
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