PIL

7.14%

1.3¢ peppermint innovation limited

PIL Facts & Progress - A new Thread, page-17

First 17 Last

Share
Profile

Follow
jnene

3,971 Posts.

852

02/08/21

22:12

Post #: 54975986
Share
Originally posted by mondy85: ↑

Hi @jnene, I think you may need to give more consideration to the numbers.

Cash burn is currently sitting around -$420,000 per quarter
There is $3.1m in the bank as at 30 June. That's 7.4 quarters left or just under two years at current burn.
Now if PIL are going to be operating a lending model they will need capital to put towards that. Let's say they allocated $2.0m to the lending model, and keep the balance ($1.1m) as working capital to run the business, advertise, etc - i.e. enough money to keep the lights on for (almost) another three quarters.
So say they have $2,000,000 capital allocated towards the lending model. That really is not much to speak of. Yes the Aussie currency is much, much stronger than the Peso, but you're looking at say 10,000 customers being able to access maximum A$200 loans. By the way, that's assuming of the 55,000 agents, the take up on the lending model is around 18% (or 10,000 users). Just simple example numbers.

What kind of interest rates are PIL going to need to charge to actually get enough revenue to keep the lights on in the business? $2,000,000 is far too small a capital base, in my view, to be able to run a successful lending business in the Philippines. The most disastrous thing would be for them to launch the product, then have to call a stop to it because they don't have enough capital to meet the customer demand.

Now, read the announcement again.... "funds to support the initial roll-out of bizmoPay's operations..."

So, either they need to sort out a warehousing deal, or they need to raise a lot more capital....

Brushing off these questions with "$3 million in the bank!" doesn't make sense to me.

Expand

2nd last sentence is my bet also

I believe once the initial system / rollout is complete a warehousing facility will b put in place

it’s at that stage when the announcement is made that I think will put a rocket under the SP

just IMO
PIL Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 280 more messages in this thread...

First 17 Last

Add PIL (ASX) to my watchlist

(20min delay)
Last 1.3¢		Change -0.001(7.14%)		Mkt cap ! $27.57M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.2¢	$108.5K	8.458M

Buyers (Bids)

No.	Vol.	Price($)
14	13577678	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	416666	1

View Market Depth

No.	Vol.	Price($)
14	13577678	0.012
13	17300210	0.011
6	8142012	0.010
8	5597422	0.009
12	4711871	0.008

Price($)	Vol.	No.
0.013	416666	1
0.014	11547937	15
0.015	5015065	6
0.016	9186456	9
0.017	3163079	5

Last trade - 16.10pm 12/07/2024 (20 minute delay)

PIL (ASX) Chart

PIL Facts & Progress - A new Thread, page-17

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

Immutep reports strong response rate from immunotherapies treating carcinomas

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Nimy to raise $1.21M to explore 'newsy' WA targets

Almonty locks in govt agreement for tungsten oxide plant in South Korea

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

PIL Facts & Progress - A new Thread, page-17

Top Stories

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

Immutep reports strong response rate from immunotherapies treating carcinomas

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Nimy to raise $1.21M to explore 'newsy' WA targets

Almonty locks in govt agreement for tungsten oxide plant in South Korea

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News