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.
I reckon market would reward the company is they abandon their...
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Last
40.5¢ |
Change
-0.005(1.22%) |
Mkt cap ! $670.3M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.0¢ | $487.9K | 1.196M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 118276 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 389417 | 11 |
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| Last trade - 12.34pm 19/06/2024 (20 minute delay) ? |
| PGC (ASX) Chart |