$40 million USD in the bank, hedged oil, over $100 million net income forecast for FY16, heavily reduced capex and renegotiated terms of loan facility ..... and a Market Cap of just $130 million.
A nice streamlined business able to pay its way, make a profit and has a lot of assets that when brought on line will exponentially increase profits in my view. Why wouldn't some shark suitors be circling to take a bite.
This shakedown today happened last week as well. Its getting this sort of treatment for a reason and its hardly retail investors looking to lock in a loss. Big volumes but very controlled trading. Interesting.
$40 million USD in the bank, hedged oil, over $100 million net...
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $316.9M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.0¢ | $407.2K | 2.089M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 2356142 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 739480 | 7 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| HZN (ASX) Chart |