Australia's largest stock trading and investment forum Australia's #1 stock forum

ALC

Click for more information

1.56%

6.5¢ alcidion group limited

Don't forget. Mkm is cash cow

First 26 Last

Share
Profile

Follow
meetjoeblack

970 Posts.

23

07/03/19

02:05

Post #: 37679167
Share

Originally posted by composer ↑

We are pretty much on the same page.

As you would be aware, I have always held the view that a capital raise is required due to the low cash reserve (ideally a $5 million cash reserve for a software company with international expansion plans) and to attract a institutional investor (higher cash reserve provides a lower risk profile).

However, the public statement made in the half-yearly to essentially dismiss the need for a capital raise indicates to me the confidence that the Board, Kate and Colin has in the recurring side of business and possible additional contract wins.

To say this publicly (particularly for a new management) and then do a capital raise (without very good justification such as new acquisition to accelerate EBIT) would be to shoot themselves in the foot and destroy all credibility.

Expand

Don't forget. Mkm is cash cow

ALC Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ENV

Anteris Tech eyes US market liquidity with early-stage NASDAQ IPO paperwork

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 4 more messages in this thread...

First 26 Last

Add ALC (ASX) to my watchlist

(20min delay)
Last 6.5¢		Change 0.001(1.56%)		Mkt cap ! $72.51M

Open	High	Low	Value	Volume
6.5¢	6.8¢	6.4¢	$36.52K	547.6K

Buyers (Bids)

No.	Vol.	Price($)
1	54505	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	148305	2

View Market Depth

No.	Vol.	Price($)
1	256518	0.065
2	539747	0.064
1	200	0.063
1	10000	0.062
2	149000	0.061

Price($)	Vol.	No.
0.066	128118	1
0.068	232449	1
0.069	50000	1
0.070	160606	2
0.071	20177	1

Last trade - 13.12pm 25/11/2024 (20 minute delay)

ALC (ASX) Chart

SPONSORED BY