5GN 3.23% 15.0¢ 5g networks limited.

Ann: Appendix 4C - quarterly, page-29

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  1. 440 Posts.
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    I think we had a pretty good run today on some decent volume and we closed without any end of day dumping which is a good sign in my opinion. Shares may have moved from the profit takers to some stronger hands that are in it for the medium to long term.

    I'd like to see us close above 60c next week - seems to be the next nearest resistance point and would probably look great on the charts if it did so. I may increase my holding if that happens.

    As for Decadon's comment: in my opinion the last two quarters were impressive. Market might need just one more 4c to solidify the revenues to really take off but I see a re-rate happening before that in anticipation of it (perhaps to 52 week highs if we're lucky). At $25m market cap, this could multi-bag quite easily ($50m, $100m, $200m - we've seen it all before) if the market gives us a better look. As someone standing on the sidelines myself I knew after the last quarterly I wanted to take a position. What actually held me back was the name. I was looking for actual 5G investment opportunities and when I found out 5GN weren't involved I threw them in the garbage... only to pick them back out when I took a proper look at what they did instead and liked it. That may be the same for a few others here.

    A nice weekend all - apologies for making quite a few posts just a bit excited - see you all Monday.
 
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Last
15.0¢
Change
-0.005(3.23%)
Mkt cap ! $42.74M
Open High Low Value Volume
15.5¢ 15.5¢ 15.0¢ $215.5K 1.392M

Buyers (Bids)

No. Vol. Price($)
2 1006665 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 361606 6
View Market Depth
Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
5GN (ASX) Chart
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