with being listed there is higher admin costs , as you need I think at least 3 directors including a MD , a director will not work for under $80k normally but provide little sweat labor( apart from the company secretary doing some accounting ) so right there plus with listing fees there is a burn of 300K a year that is on top of COGS.
Then normally these micro ASX listed companies insist on a board room so adds $50k to the rent cost .
Better to be a private company working out of a small industrial building in a outer city area , with a secretary/marketer employed and 3 mechanics and an engineer , that also sells OEM equipment on the side , I just about bought such a company 10 years ago that made trenchers, business sale price was around $120k inc tools , a working owner would have made around $60K a year in profit, so about the same as working for someone else but more profitable than ABV which is valued at $18M .
Difference is there is no blue sky with trenchers due to thrusting machines taking over , where as this supposedly has blue sky.
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Last
5.6¢ |
Change
0.002(3.70%) |
Mkt cap ! $21.43M |
Open | High | Low | Value | Volume |
5.5¢ | 5.7¢ | 5.5¢ | $26.42K | 470.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 412500 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 32044 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 412500 | 0.055 |
1 | 1834263 | 0.054 |
1 | 110342 | 0.053 |
2 | 165985 | 0.052 |
3 | 4104000 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 32044 | 1 |
0.057 | 2156 | 1 |
0.058 | 793048 | 3 |
0.059 | 186542 | 1 |
0.060 | 467254 | 3 |
Last trade - 15.32pm 09/07/2024 (20 minute delay) ? |
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