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2.5¢ icandy interactive limited

Ann: Half Yearly Report and Accounts, page-9

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rlee84

1,095 Posts.

143

31/08/23

23:51

Post #: 69676518
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Originally posted by Senseightynine: ↑

This is a complete dog.

Looking at the impairment of Digital Games of $1.9m, i'd be questioning the goodwill in Lemonsky, they forecasted a growth rate of 10% yet the revenue is down 10% from the same period 12 months ago. With the big staff turnover at Lemonsky this growth is in my opinion unjustified.

Company is taking on more debt in Lemonsky. It's clear the integration of Lemonsky into the Group has been a disaster, to say the least.

The Company is burning cash - $10m in 6 months, there's only $3.6m in unused credit facilities available so i expect a capital raise is needed within the next 6-12 months based on the current cash burn rate. Somehow the auditors did not make a mention of this in the auditors opinion report so they must be comfortable (somehow)?

Lots of holes in this stock and I'm not liking the direction it is going - will be selling my position tomorrow albeit however small it may be.

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Company is taking on more debt in Lemonsky. It's clear the integration of Lemonsky into the Group has been a disaster, to say the least. <--- so, in your opinion/to your knowledge, what was the debt used for?

ICI Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.5¢		Change 0.001(4.17%)		Mkt cap ! $33.62M

Open	High	Low	Value	Volume
2.6¢	2.7¢	2.5¢	$31.00K	1.181M

Buyers (Bids)

No.	Vol.	Price($)
4	1348786	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	71000	1

View Market Depth

No.	Vol.	Price($)
4	1348786	0.025
3	525026	0.024
1	415000	0.023
5	778227	0.022
8	882583	0.021

Price($)	Vol.	No.
0.026	71000	1
0.028	806000	1
0.029	134447	2
0.030	462617	3
0.033	40000	1

Last trade - 16.10pm 26/09/2024 (20 minute delay)

ICI (ASX) Chart