The problem with the company is that the cash bleed in the last few years has been horrific, even allowing for the fact that $20mil of it was for the new press.
The result - $100m debt and breach of covenants.
I'm not saying that they can't wriggle through, or the shares go up in the future. But it's a huge burden to be saddled with.
Also, COVID is another huge kick in the teeth to the print industry.
The problem with the company is that the cash bleed in the last...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.960M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $12.62K | 3.154M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 5231606 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4717022 | 5 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| OVT (ASX) Chart |