If you agree that a pre-ipo dividend of over $80 is justified, fair and reasonable versus the current valuation, sales and profits they just have just served up I don't think that there is much chance in you changing your mind on this company.
Like I said, good luck. You will most definitely need it.
Another red flag for this joke of a stock is the fact that the audit is only a review and not a true audit. This is from the EY letter
A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
The financial accounts aren't even fully audited. It's a $330m company.
There is so much wrong with this company that even if you believe that the product will be successful, there is every chance that management will run this thing into the ground before it can get there.
- Forums
- ASX - By Stock
- Good result
If you agree that a pre-ipo dividend of over $80 is justified,...
-
- There are more pages in this discussion • 7 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 3PL (ASX) to my watchlist
(20min delay)
|
|||||
Last
78.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $259.2M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1282 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
95.0¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 0.810 |
2 | 4954 | 0.800 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
1.045 | 20000 | 1 |
1.050 | 4966 | 1 |
1.080 | 5000 | 1 |
1.100 | 1197 | 1 |
1.200 | 960 | 1 |
Last trade - 16.13pm 29/11/2024 (20 minute delay) ? |
3PL (ASX) Chart |
Day chart unavailable