AVA 3.85% 13.5¢ ava risk group limited

I am dumbfounded by this share price on this one. I suspect...

  1. 2,693 Posts.
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    I am dumbfounded by this share price on this one. I suspect there is still plenty of upside especially at these prices but then what would I know.

    Strong cash position $17m no debt as at FY2021. Plus expect to receive net proceeds of $42m from the sale of a business in October 2021.
    Capital return promised of about .16c later in the year to be paid plus $1m market buy back to kicking.
    Strong uplift in qtr 1 FY2022 continuing from Q4 FY21 and building on backlog
    Leverage strong base to grow and close existing project sales
    Drive BQT sales through key distributor partners in Europe and USA
    Convert Aura IQ POV trials to generate Saas revenue
    Expansion of sales capacity and revenue in the USA
    Growth of FFT long term contracts and recurring revenue from Technologies licensing agreements and multi year support contracts
    They have a highly scalable model, strong competitive advantages, global opportunity and a track record of growth and results plus high margins and ongoing cost discipline.
    Once divestment finalised its a pure play technology company

    This data has been extracted from the last update and on face value I like what I see and happy to give it a ride.

    DYOR



 
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Last
13.5¢
Change
0.005(3.85%)
Mkt cap ! $39.16M
Open High Low Value Volume
12.5¢ 13.5¢ 12.5¢ $15.92K 121.6K

Buyers (Bids)

No. Vol. Price($)
3 130712 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 274445 7
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Last trade - 16.10pm 18/11/2024 (20 minute delay) ?
AVA (ASX) Chart
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