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5.4¢ envirosuite limited

I definitely dont see another CR. They've got 9m in the bank,...

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Mista_Trix

478 Posts.

17

22/02/19

16:32

Post #: 37534860
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Originally posted by Andrew68: ↑

I'm only guessing but ... no. I think by the time they make profit their cash will be around $3 or 4 million and if there shareprice is higher it makes sense to have a CR to accelerate the next stage of growth. im basing this view on what ive seen several other companies do in the same position. We investors tend to be negative on CRs because they dilute our holdings, but in my experience if a CR is done strategically for the right reasons it serves only -- after some initial bumps -- to add value to the company and inflate the stock price. In the end, that's all matters. Not how many shares are out there, but how much the company and your shares are worth. My views only. DYOR.

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I definitely dont see another CR.

They've got 9m in the bank, expect to become profitable in the next financial year (after this one), have 16 sales staff that will have targets bringing in 16m-24m, all of whom should be at full capacity middle of this year.

This is their next stage of growth.

EVS Price at posting: 9.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.4¢		Change 0.001(1.89%)		Mkt cap ! $99.87M

Open	High	Low	Value	Volume
5.6¢	5.6¢	5.4¢	$29.12K	535.7K

Buyers (Bids)

No.	Vol.	Price($)
1	63039	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	11907	1

View Market Depth

No.	Vol.	Price($)
2	31009	0.160
1	74247	0.155
10	742532	0.150
7	544595	0.145
4	319049	0.140

Price($)	Vol.	No.
0.165	126720	2
0.170	625000	3
0.175	120000	1
0.180	68832	2
0.185	140908	2

Last trade - 16.10pm 25/11/2024 (20 minute delay)

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