The market needs to see results of the recent Beefys acquisition before it will re- rate the stock.
Having settled in December, 2023 it is just too soon for anyone to be confident that such a large, debt funded buy can be integrated into the existing business model.
As there will be little to no financial results released until late August, l expect the share price to be rangebound between 6c to 8c.
Any positive announcements before that could easily see the stock run above 10c very quickly. Fresh capital and funding from SOL was a significant milestone for the business recovery plan, currently being implemented.
Beyond that, they need plenty of coffees, donuts, pizzas and Pies to be sold. Not healthy stuff, but popular.
GLTASH
The market needs to see results of the recent Beefys acquisition...
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Last
6.5¢ |
Change
0.002(3.17%) |
Mkt cap ! $159.6M | |||
| Open | High | Low | Value | Volume |
| 6.3¢ | 6.5¢ | 6.3¢ | $45.61K | 711.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 270742 | 6.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.5¢ | 498912 | 8 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
6.4¢ |
Change
0.002 ( 1.59 %) |
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| Open | High | Low | Volume | ||
| 6.4¢ | 6.5¢ | 6.4¢ | 164007 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| RFG (ASX) Chart |