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...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CCV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $138.0M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 23.3¢ | $27.00K | 114.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 278286 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 195090 | 3 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| CCV (ASX) Chart |
