Looks like capitulation and tax loss selling!
Investors get fed up but if anyone thinks this stock isn’t undervalued they are just downright crazy.
Market cap is now just ~$58M with the return to profitability confirmed and a very full future order book.
On the balance of probabilities, in the coming months there will be an announcement confirming a settlement/sale which will result in the cash balance being higher than the current market cap.
It doesn’t take a genius to work out what the risk-reward now looks like.
The FY21 results don’t matter. This is a deep value play now and all about FY22/23.
There’s only been one big seller for many months now. Sooner or later once they finish up this should return to a sensible valuation.
The fact that basically all the posts here are now negative is a huge buy signal.
Looks like capitulation and tax loss selling! Investors get fed...
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Last
29.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.50M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.3¢ | 29.0¢ | $9.48K | 32.43K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 3831358 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 818295 | 13 |
View Market Depth
| Last trade - 11.24am 11/07/2024 (20 minute delay) ? |
| DCG (ASX) Chart |