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5.33%

7.1¢ rpm automotive group limited

Ann: Trading Halt, page-66

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LD99

6,994 Posts.

1353

18/04/24

13:12

Post #: 73406756
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Originally posted by GKeden: ↑

Hello. OK. Let's list the red flags more accuracy (rather than freak out to your generalisations hysteria):

1. $3,813,369 convertible note (plus interest) remaining from the 30/6/23 balance sheet

2. $4,756,633 deferred acquisition payment on the 30/6/23 balance (not detailed in the 31/12/23 balance sheet notes).

3. $4,248,872 in operating cashflow for 31/12/23, which was chewed up by payment for property, plant and equipment ($1,204,616); payment to acquired entities ($1,851,882); lease liabilities ($1,762,631) and finance ($235,408); repayment of borrowings ($1,083,097).

4. So, despite its positive operating cash flow (which we must assume is ongoing) and even the probably non-compulsory repayment of borrowings, the impression is RPM was not able to use operating cash to repay $2M for a convertible note and $2M CAPEX for new capital investment in a tyre recycling plant.

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Deferred acquisition payment still there at 31/12/2023 champ

$41mill of intangibles gives the NTA of the company $7.4million

RPM Price at posting: 7.1¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 7.1¢		Change -0.004(5.33%)		Mkt cap ! $18.67M

Open	High	Low	Value	Volume
7.4¢	7.4¢	7.1¢	$2.614K	36.81K

Buyers (Bids)

No.	Vol.	Price($)
2	359506	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.3¢	8295	1

View Market Depth

No.	Vol.	Price($)
2	359506	0.071
2	105893	0.070
1	105775	0.069
1	150000	0.068
1	202835	0.064

Price($)	Vol.	No.
0.073	8295	1
0.074	464988	3
0.075	36614	1
0.079	30000	1
0.083	200000	1

Last trade - 12.16pm 26/06/2024 (20 minute delay)

RPM (ASX) Chart