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1.52%

6.5¢ alcidion group limited

Broker report, page-23

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willchang409

323 Posts.

344

06/03/19

22:59

Post #: 37678533
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Originally posted by willchang409: ↑

Hi Composer, In my opinion that reason why the share price still stuck at this level is basically lack of buyers interests, especially with no institution support, and institution players won't touch this stock now because the company has very low cash reserve and also high cash outflow, it does not matter how many times the board reiterated they don't need to raise capital, they only believe what they have seen but not what they have been told, that is why they don't come first but certainly they won't be the last. Unless there are some insider trading and then they can make some quick money.

The company will need to show potential buyers with steady increase in cash inflow quarter by quarter, otherwise any potential retail buyers with little research done will always come and say the same thing, this company will need a CR in few months time.

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And cash is the king, when you have low cash reserve and you cannot afford to make mistakes.

ALC Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.5¢		Change -0.001(1.52%)		Mkt cap ! $72.51M

Open	High	Low	Value	Volume
6.8¢	6.8¢	6.5¢	$12.01K	178.2K

Buyers (Bids)

No.	Vol.	Price($)
1	38240	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	28912	3

View Market Depth

No.	Vol.	Price($)
1	256518	0.065
2	539747	0.064
1	200	0.063
1	10000	0.062
2	149000	0.061

Price($)	Vol.	No.
0.066	128118	1
0.068	232449	1
0.069	50000	1
0.070	160606	2
0.071	20177	1

Last trade - 10.00am 22/11/2024 (20 minute delay)

ALC (ASX) Chart