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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acrux limited
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $6.931M |
Open | High | Low | Value | Volume |
1.8¢ | 1.9¢ | 1.7¢ | $8.809K | 495.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 266679 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 252359 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 266679 | 0.017 |
1 | 218000 | 0.016 |
2 | 266732 | 0.015 |
1 | 70000 | 0.014 |
2 | 397000 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 252359 | 2 |
0.019 | 677115 | 3 |
0.020 | 670000 | 3 |
0.021 | 203466 | 1 |
0.022 | 118000 | 2 |
Last trade - 14.49pm 24/06/2025 (20 minute delay) ? |
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