Based on the volumes, I suspect it is retailers selling, so you are probably right.
On an approximate run rate of $10M annual sales for a $37M MC company with potential to grow that significantly, I am not overly concerned. At 60% gross margins you have EBITDA of $6M if one of the big boys took them out and ran it with their own management and sales force. I'm sure 10 x EBITDA would be SP accretive for any of those big boys, valuing the company at $60M (ignoring debt for now). Compare this to a company like IPD - lower sales after 10+ years in the market place and MC of $217M. And even despite their significant cash position, they will also need a CR at some point.
Based on the volumes, I suspect it is retailers selling, so you...
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Last
0.2¢ |
Change
-0.001(25.0%) |
Mkt cap ! $5.824M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $6.001K | 5.059M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 41585905 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 83677901 | 59 |
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| Last trade - 15.59pm 03/12/2024 (20 minute delay) ? |
| AXP (ASX) Chart |
