gray group offloading slowly so as not to have too dramatic an impact on the SP. Why are they offloading?. Well I for one am concerned about:
1) lack of transparency;
2) only recent urgency to get pipeline happening;
3) no reports on what has happened to hexima matter - costs of that JV, who has walked away with what etc - not to mention the perceived conflict of interest a certain board member may have had (since resigned from that company I understand);
4) scant regard to SH's in relation to performance bonuses and wages paid to staff. Bonuses internally "rated" with no regard to external influences (eg. market share, SP, etc);
5) cessation of dividends for an unspecified period. That's the biggie IMO why the large SH is on the "run" - no return for investors and for the past few years no capital gain either;
6) the LONG lead time for the next batch of products - even assuming that all testing goes well;
7) lack of movement in management so no new directions. Had been hopeful that the appointments in the last 12-18 months would've had an impact but unfortunately not. Why? is another question.
so the above relates to my concerns but no doubt the cessation of dividends would have been a major factor for large investors as there is no return on funds - either dividends or capital gains.
if you have followed this stock for as long as I have (used to be in the $3.00's) and the ultimate demise to where it is now - you wouldn't have to ask the question. In other words you obviously have a view that things may be looking up but that's not the view the market is taking IMO otherwise we wouldn't be at such depths SP wise. All IMO so DYOR.
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.747M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.9¢ | $5.562K | 292.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 381825 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 60000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 331825 | 0.019 |
3 | 381800 | 0.018 |
1 | 175000 | 0.017 |
1 | 66732 | 0.015 |
1 | 70000 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 60000 | 2 |
0.021 | 177000 | 1 |
0.022 | 18000 | 1 |
0.023 | 73278 | 3 |
0.024 | 254102 | 7 |
Last trade - 15.04pm 20/06/2025 (20 minute delay) ? |
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ACR (ASX) Chart |