Just received an email from Simply Wall St in regard Friday's trading report heading "New major risk - Financial position , reads " The company has less than than a year of cash runaway based on its current free cash flow trend . Fresh cash flow - AUS $36 m This is considered a major risk . With less than a year's worth of cash the company will need to raise capital or take debt unless cash flow improves . This would dilute existing shareholders or increase balance sheet risk . Currently the following risks have been identified for the company . Major risk . Less than a year of runaway based on free cash flow trend (Aus $ 36 m free cash flow). Minor Risk . Currently unprofitable and not forecast to be able to become profitable profitable over the next two years . " This is what has been concerning me ( my last post ) " Company not expected to be profitable minimum 2 maybe 3 years , company reliant on its shareholders most at risk common shareholders us unsecured expected to carry / support management . " Can see a another capital raising coming up with our present management team just as we did back then when we copped capital raising from the last lot when we purchased a truck of generic rubbish off Teva .
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Last
$4.43 |
Change
0.130(3.02%) |
Mkt cap ! $376.8M |
Open | High | Low | Value | Volume |
$4.30 | $4.45 | $4.26 | $1.110M | 253.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1150 | $4.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.45 | 4027 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1150 | 4.410 |
1 | 1200 | 4.360 |
1 | 1903 | 4.330 |
1 | 1200 | 4.300 |
1 | 1426 | 4.260 |
Price($) | Vol. | No. |
---|---|---|
4.450 | 4027 | 1 |
4.480 | 1130 | 1 |
4.500 | 132 | 1 |
4.560 | 1800 | 2 |
4.600 | 3447 | 2 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
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MYX (ASX) Chart |