At their present they are burning ~$2.1M in cash a qtr.
This qtr was pretty consistent with the last one so I'd assume it won't change dramatically next qtr.
Their cash inflow for the last 2 qtrs (which includes all of Bork) was $971k, but if you take the Bork sales deal ($750k) out of the picture their cash inflows (from sales) was just $221k for the past 6 months.
In May Paul talked to a growth figure of around 20-40% per month being possible... but they clearly aren't achieving that with their current B2C Reduit channels.
They still have a lot of positives though:
- They have just raised $4.7m in cash ($5mil less $300k in fees to CPS - plus some free options)
- Swisswell Lubricen has only just launched
- More cash shouldcome in from Bork deal (just don't know the timing)
- The holiday season is nearly here (more sales)
- New sunscreen range is on the way
I think it's a long term hold - but you may get some more near term price weakness as who knows what that (unannounced) substantial holder's plans are for their large holding.
- Forums
- ASX - By Stock
- WFL
- Ann: Appendix 4C September 2021
Ann: Appendix 4C September 2021, page-11
-
- There are more pages in this discussion • 43 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 WFL (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.478M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
WFL (ASX) Chart |
Day chart unavailable