The fact that they received $25 million in new product orders in March alone means business is good. They had an order book of $250 when they listed.
They could easily increase their order book by $200 mill by say this time next year. I think that business is very good.
So in the big scheme of things, a $13.5 capital raising is peanuts. Probably instos wanting to get on board and get a piece of the action. And $2.25 isn't a great discount to the last closing price (9%) - therefore I'm quietly confident the share price will stay above that level tomorrow and after that.
Happy days.
The fact that they received $25 million in new product orders in...
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Last
26.0¢ |
Change
-0.005(1.89%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 26.0¢ | $78.45K | 298.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13797 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 9150 | 1 |
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| Last trade - 15.52pm 27/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
