You can trace back to old posts on this thread as some old holders here are very informative.
I think what the company is currently doing [step 1] is to streamline the business by reducing debt [tick, now Nil], cutting overheads [tick, directors reduce remuneration and working hours] so margin should increase [tick as we have witnessed in the report].
Next step is to increase top line. They can either do it by themselves or using relatively large amount of cash for M & A. Either way, top line increase is not a big issue IMO.
Once both of steps are done, the SP has the potential to grow to 20c + which I agree with Furniture.
Either way, even step 2 is now yet happening, judging the completion [or near completion] of step 1 alone, the current market cap is a joke [in your word, too good to be true but it's true]. Only traders who is locking in quick profit or rookies who don't know how to read financial report are selling below 4c today. Oh well, can you imagine some of them were selling @ 2.5c when this interim report was announced ?
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You can trace back to old posts on this thread as some old...
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $88.52M |
Open | High | Low | Value | Volume |
2.0¢ | 2.1¢ | 2.0¢ | $8.535K | 425.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 575723 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 33884 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 437959 | 0.024 |
2 | 550000 | 0.022 |
1 | 220000 | 0.021 |
1 | 10000 | 0.012 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 142147 | 1 |
0.026 | 25714 | 2 |
0.030 | 100000 | 1 |
0.032 | 199999 | 1 |
0.033 | 100000 | 1 |
Last trade - 14.26pm 03/12/2024 (20 minute delay) ? |
RDG (ASX) Chart |