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Ann: Velpic Releases Mobile App-VPC.AX, page-186

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bernsta

4,394 Posts.

1372

15/04/16

17:40

Post #: 17516598
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Originally posted by barefoot_trader ↑

I would be interested to know if anyone on the forum knows much about the intangible assets the company hold. They amount to $4,962,948. In the directors report 31/12/15 there is the statement "company's existing coal assets have remained on a care and maintenance basis and the Board is assessing various strategies to deal with these assets with a final decision expected to be made before the end of the financial year." Generally I would assume that these assets will be attempted to be converted into cash and cash equivalents.

On the half year report there was $3,252,000 still in the bank and possibly soon to be more with the conversion of coal based assets into presumably cash. With a cash burn rate of $642,952 per half at present, the company has years at current revenue levels before there will be a requirement for capital raising. We would however assume with revenue trajectory, and an exceptionally low cash burn rate that profit is not too far away at all.

This is a wonderful stock, exceptionally de-risked in comparison to fellow tech juniors. Needless to say, reason why I hold a sizeable parcel.

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See note 13 of the half yearly which can be found in the last few pages of the report - it is goodwill for the purchase of dash (via issue of shares) and velpic.

Re cash flow positive in some posts.. A lovely thought but no chance of happening yet! Let's not jump the gun too far crickey..

A great day today but only the start of where this company is going - it was way over sold despite what some thought.. So realistically only adjusting itself to where it should be.

Once 3 pillar strategy in place this will really fire - 10c+ not far away at all imo.

Enjoy a drink tonight folks we deserve it cheers.

VPC Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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