ASV 3.70% 2.6¢ asset vision co ltd

Pretty close to snap - I think I bought high 70s. :) I was...

  1. 4,986 Posts.
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    Pretty close to snap - I think I bought high 70s. I was attracted by what I thought was a solid services company paying a good dividend. It’s been a painful ride down. I have managed to average down to 4.8, and do feel there is some hope now!

    I don’t think they have the money yet to expand overseas although it’s clearly a long term aim.

    initially I think they are hoping to win some work out of people like Telstra and show the product isn’t just useful for roads.

    they have taken a huge step forward by getting close to cash flow positive, but they really need to grow revenue, contain costs and turn a profit. Then they might have enough credibility to raise capital for growth and overseas expansion.
 
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Last trade - 15.54pm 17/09/2024 (20 minute delay) ?
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