Looking at the financials, capital raised at 60c in 2015 (to boost the balance sheet) was then used to buy back shares in 2016 at 39c. This has to be the dumbest capital exercise of all time from a shareholder point of view. Company is trying to sell high value products and solutions at an enterprise level into mining companies who are in the biggest cost cutting drive since the 1980s. Advisory is basically run at a loss. Multiple product releases and deliveries are slipping into 2017. License revenues continue to fall year on year. I have grave fears for the iSolutions business wrapped up in this entity
Ann: Investor Presentation - 2016 Full Year Review-RUL.AX, page-2
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$3.00 |
Change
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Mkt cap ! $586.7M | |||
| Open | High | Low | Value | Volume |
| $3.01 | $3.01 | $2.98 | $1.131M | 376.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 115 | $2.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 10617 | 4 |
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