ASC 6.67% 1.6¢ limited

Why buy?

  1. 86 Posts.
    Ever since the tech boom, many investors have bought shares in the hope of making a capital gain instead of investing for dividend returns. I'm wondering if that isn't running out of steam. Investing for capital gain means someone else has to buy your shares for more than you paid. Eventually, investors are going to ask themselves when will I see a return on my investment.
    ASC has this problem. It's been going for years and never paid a cent. In fact, with so many shares on issue, it can't pay dividends without going broke. Their only hope is to keep growing, and growing, in the hope they generate bigger profits.

    BUT, with their business model, even this may never be achieved because they issue more script for aquisitions. And many aquisitions do not perform! Without Today's Success, ASC would be a two cent company. Food for thought.
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Currently unlisted public company.

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