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
44.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $728.3M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 44.0¢ | 43.0¢ | $170.6K | 390.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15545 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 80122 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PGC (ASX) Chart |