Its probably the classic forgotten stock that was once a darling. I noticed the property comment in the deck, its about $25-$30m from what I could work out (most of the market cap). Not sure I want them to sell the asset if it can keep going on a cash basis.
Also, I like the leverage in the business, any new contracts will make EPS explode - new contracts being very likely. Management have been very disciplined over the downturn (property sale thinking being the exception to the thinking - maybe).
Do like it at this price, probability high it wins new work...
Ann: Trading Halt, page-9
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Last
27.5¢ |
Change
0.045(19.6%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 29.0¢ | 26.0¢ | $57.59K | 205.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7703 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 36500 | 1 |
View Market Depth
| Last trade - 15.48pm 25/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
