Wow.....!
Underlying EBITDA decreases from $10.9 million to $3.5 million.
My goodness, what a disappointing set of full year results.
My question is how Domenic managed to convince a sophisticated investor to take 5.5 million of his shares of his hands for 0.18, October 2017..?
That's a fairly serious loss in my mind.
I had a conversation with Domenic in September of 2017, leading up to the change of reporting to 6 monthly from quarterly.
He assured myself that the track business had stabilized.
At that time the share price was 0.22 - 0.24.
I could have exited with a small profit, as I was thinking.
Based on that conversation I decided to hold and have since closed the position for a 90k loss.
Expensive lesson to be learnt.
Always trust what the chart is telling you.
Always get out when a director sells (even if for tax purposes)
If the director tells you one thing and the graph is suggesting something else, trust the chart.
CM8 were nett debt $1 million 12 months ago.
Subscription revenue was $40 million 2 years ago, now it's less than $14 million.
If Domenic was serious about turning his sinking ship around, he would be doing more to stem the losses.
ie. Taking a wage cut himself along with the rest of his staff as he just announced.
I see another raising coming, more than likely by way of convertible note.
Good luck remaining holders.
Lute
- Forums
- ASX - By Stock
- Ann: FY18 Results Announcement
Wow.....! Underlying EBITDA decreases from $10.9 million to $3.5...
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UNT (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $17.80M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.4¢ | $39.90K | 2.660M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 4194804 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 1852211 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 4155916 | 0.014 |
16 | 5394808 | 0.013 |
4 | 4333333 | 0.012 |
3 | 1250000 | 0.011 |
3 | 1142857 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 1852211 | 1 |
0.016 | 2858333 | 5 |
0.017 | 351666 | 4 |
0.018 | 2083768 | 4 |
0.019 | 1045450 | 8 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
|
|||||
Last
1.5¢ |
  |
Change
0.001 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
1.5¢ | 1.5¢ | 1.4¢ | 524064 | ||
Last updated 14.44pm 28/03/2024 ? |
Featured News
UNT (ASX) Chart |
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online