I reckon market would reward the company is they abandon their $100m ebitda target as market expects more dilution.
Board needs to communicate a capital management framework ... eg pause and buy back stock if price too low, issue stock in M&A if accretive.
Issuing stock at any price will destroy shareholder value and drive share price into the ground.
The problem with low trading volumes..., page-7
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Last
41.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $678.6M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.0¢ | $1.144M | 2.803M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 221731 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 841652 | 6 |
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| Last trade - 15.54pm 19/06/2024 (20 minute delay) ? |
| PGC (ASX) Chart |