There isnt a single fund that would touch a spec company unless they have a revenue deal with alot more to come. Only funds have the money to seriously move an SP. Or a big partner...
Lots of funds wont touch a company if its not in the ASX300. That requires a minmum MC of 155M.
Pretty much a minimum prerequisite for funds is the All Ordinaries. And ADO isn't even in that ! Min MC for AllOrds seems around 50M.
We are along way from being on the radar of any fund.
To get into the mix we need to be over 50M and on our way to 100M. MC of 75M is SP of .064c
That would put us on the radar.
So we get to 5c and then things change for the better when funds start taking notice. Maybe EFTs do a little buying.
ASX 300 is 13.8 cents. 14c
On good news with revenues and annual income of 8M with promise of alot more to come(PE=20) would do it. SP=.14c
8M annual income on a 16M revenue deal.
PS: all calculations based on 1,160,000,000 shares on issue, as of last cleansing notice.
There isnt a single fund that would touch a spec company unless...
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Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.22M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 370325 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 31036 | 1 |
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| Last trade - 16.12pm 12/11/2024 (20 minute delay) ? |
| ADO (ASX) Chart |
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