could be. The MD has said they will be cash flow positive soon and a therefore a buyback could be on the cards. How do they use the cash? Capital reconstruction? Privatisation? Although they have said they are looking at aquisitions I can't see them making one on OZ soil as they basically dominate the IT security market here since purchasing Baltimore.
At these prices SNX has to be a likely takeover target....particularly from an overseas IT giant who wants greater market share in Australia/Asia.
anyway,Until they annouce they are back in the black I think it will continue to trade around these levels
Watch 93 cents for a breakout!
md buys 290,000 shares on market, page-3
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Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.627M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24431 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 75000 | 1 |
View Market Depth
| Last trade - 16.12pm 31/07/2024 (20 minute delay) ? |
| SNX (ASX) Chart |
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