Yes there is a strong cash balance but expect a very fast $30-$35m reduction in that coming very soon, seems the judgement is already leaked, a loss will also result in discontinuing SACC division.
In other words this company is about to lose $30-35m in cash almost instantly and over 30% of it's earnings which will also include some one off costs and a few extra $m in legals.
Having said that FY 2020 should still see, without the SACC division NPAT of over $20m which still puts us at less than 6x earnings, truly incredible and that assumes a shockingly negative outcome in the next few weeks.
I'm going to BUY again in sentiment and in action.
Yes there is a strong cash balance but expect a very fast...
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Last
23.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $138.0M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 23.5¢ | $3.136K | 13.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55402 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 50865 | 1 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CCV (ASX) Chart |
