NOV 1.19% 8.3¢ novatti group limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-30

  1. 424 Posts.
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    Why do you like to focus on staff costs only? There are many other type of costs. Don't ask me where to cut. There are some unnecessary costs existing any companies. Just depends on the financial status and requirement of the company. IF "cash burn ratio" is not the problem, it could be ignored.

    And could you understand the logic following?
    1. The topic I discussed is "cash burn ratio is actually reducing" from steve10 previous comment and his numbers
    2. figures in my chart show it is not the fact.
    3. I followed the topic of "reducing cash burn ratio" and "cash flow positive in a few more quarters".
    "need to take more effort to control costs" to achieve above .

    So, the question to you and others.
    Do you want NOV to reduce cash burn ratio?
    Do you want NOV to be cash flow positive in a few more quarters?
    The ways are to increase profit/receipts and to decease cost. A company could both or one of them.

    IF cost is no need to be controlled in NOV, why bother to mention "reducing cash burn ratio" in previous comments?
    You should ask steve10 why he is happy to see "cash burn ratio is reducing" and why was mentioned by PC?

    The only reason I think is that I showed the different numbers and states different opinion from steve10, and this behavior is not accepted here.

    Anyway.
    Last edited by flashlover: 08/02/22
 
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