The markets are that heavily leveraged and it is just snowballing.
Was this stock are little ahead of itself maybe but if management raised with an acquisition in mind then it has been a blessing.
How many small cap companies would love to have $23M in the bank at this moment. Annual Recurring Revenue
I have tried to get a base case valuation on this one and feel 3 x sales revenue of say $18M for FY20 + cash. I get around 40c. One big reason why I am happy to hold here and maybe top up again in 40's. Volumes haven't been that heavy.
Anything will happen given margin calls and history shows markets have tanked before close to 50% so realistically you could see another 20% wiped of the markets still to go.
CASH CASH CASH is KING at the moment
Cheers
The markets are that heavily leveraged and it is just...
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Last
61.0¢ |
Change
-0.005(0.81%) |
Mkt cap ! $149.5M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 62.5¢ | 61.0¢ | $56.67K | 92.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 26783 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.5¢ | 7741 | 5 |
View Market Depth
| Last trade - 13.03pm 11/07/2024 (20 minute delay) ? |
| M7T (ASX) Chart |