My problem is cash flow has been consistently negative (including the last half year) so dividends are paid by increasing debt. The fact the share price has been below the NAV suggests to me they are not using the assets efficiently. I see no reason to expect a rerating and have been a seller on upward spikes.
My problem is cash flow has been consistently negative...
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $167.4M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 30.0¢ | $33.11K | 110.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24827 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 22917 | 2 |
View Market Depth
| Last trade - 10.40am 20/11/2024 (20 minute delay) ? |
| AVJ (ASX) Chart |
