They will struggle to get more than net asset value of $1.40 - 1.50 unless they can demonstrate good returns.
If I was an overseas player interested in this space, now would be a great time to do a deal. The instos would surely sell in a flash for something sensible around NAV. The founders would have to think quite hard too.
One thing's for certain, no shareholder, big or small, is doing any good at 70c.
One more contract, page-19
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Last
36.0¢ |
Change
0.010(2.86%) |
Mkt cap ! $79.03M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.0¢ | 35.5¢ | $14.45K | 40.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23376 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 136555 | 3 |
View Market Depth
| Last trade - 14.03pm 01/08/2024 (20 minute delay) ? |
| MCE (ASX) Chart |