Hi $$$
Appreciate that the board is probably dismantling the company but net tangible asset backing is still about $3.50/share. On this basis, if they buy back as many as they can at around $2.30, the more there is for those who are prepared to hang in.
I think credit has to be given for reducing the borrowings from around $83m in 2007, to plus $47m in late 2011 with a basket of assets still left which are ripe for sale or available to keep operating if they continue to be profitable.
Regards Westwind
Hi $$$Appreciate that the board is probably dismantling the...
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Last
$1.36 |
Change
0.000(0.00%) |
Mkt cap ! $145.9M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 3960 | 1 |
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| Last trade - 16.12pm 25/11/2024 (20 minute delay) ? |
| CYG (ASX) Chart |
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