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4.92%

5.8¢ halo technologies holdings ltd

You managed to get borrow on this?

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Onit42069

129 Posts.

15

05/01/23

17:26

Post #: 65549258
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Originally posted by The_T_Money: ↑

I thought was one of the worst IPOs I've ever seen. The valuation was a joke and I have no sympathy for buyers of the ipo however....

This now trading close to net cash per June 30. Assuming management hasn't burnt cash like a drunken sailor and there is a buyer out there somewhere that will pay anything for the tech, customer base etc this is nearing a liquidation play.

As per my previous posts, I hold management with no regard, don't believe in the scalability of the model but provided most of the cash hasn't been wasted, if this drops a little further I might be tempted to nibble as a pure liquidation play.

however with the top 20 being mostly staff or staff of related parties I doubt this happening. In fact I fully expect more of the cash to be wasted on related party transactions.

Current thought is I would only buy this at a 50% discount to net cash if i thought there was any chance it would be liquidated purely to compensate for the high likelihood that this company finds a way to waste that cash.

note. I don't hold the stock and after finding borrow I have been short the stock and have closed my short.

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You managed to get borrow on this?

HAL Price at posting: 16.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 5.8¢		Change -0.003(4.92%)		Mkt cap ! $7.460M

Open	High	Low	Value	Volume
5.8¢	5.8¢	5.8¢	$290	5K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	91532	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.060
1	14243	0.057
1	25000	0.056
1	150000	0.055
1	12218	0.041

Price($)	Vol.	No.
0.069	91532	1
0.080	1750	1
0.085	640	1
0.090	5000	1
0.095	1750	1

Last trade - 10.28am 18/10/2024 (20 minute delay)

HAL (ASX) Chart