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!
could be. The MD has said they will be cash flow positive soon...
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Last
3.2¢ |
Change
-0.005(13.5%) |
Mkt cap ! $3.054M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.5¢ | 3.2¢ | $17.48K | 525.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 105720 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 260631 | 1 |
View Market Depth
| Last trade - 15.04pm 08/07/2024 (20 minute delay) ? |
| SNX (ASX) Chart |