I think the ceo is trying to build scale by investing in people tech and marketing. For a capital intense business this is usually capex on the cash flow and not on the profit and loss statement. For a tech company to grow rapidly it's going to lower its margins. I think I'm ok with this for now if they can grow the top line at 20% p.a without profit going backwards. Maybe a PE ratio isn't the most appropriate metric given the strategy ?
H1 Results?, page-19
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Last
$2.26 |
Change
-0.050(2.16%) |
Mkt cap ! $542.3M | |||
| Open | High | Low | Value | Volume |
| $2.31 | $2.31 | $2.26 | $552.4K | 241.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4565 | $2.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.27 | 1153 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| OFX (ASX) Chart |