Bad bad bad
What more can be said?
The company is in a fight for survival.
Everything has turned bad for this company. When Apn outdoor was in the process of being taken over by JC Deaux, Ooh went after Adshel and paid way overs for it. Then trade wars came slowing the global economy which hit Ooh domestically. And just as that started to ease Covid-19 hit sending the out of home advertising sector into turmoil.
With the cap raise they have bought some time but has come at a big cost in terms of the shareholder dilution.
Does have the potential to bounce to the $1.50-$2.00 range in the short term with the relaxing of restrictions. But long term will need a strong Australian economy to survive and prosper.
OML, page-19
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Last
$1.22 |
Change
0.010(0.83%) |
Mkt cap ! $654.6M | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.23 | $1.21 | $804.4K | 662.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10681 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 7702 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| OML (ASX) Chart |