I have a small buy order in the market now, since I convinced myself.
- Monthly negative cashflow has improved June vs March by $400k.
- Q4 negative cashflow was -$1m. June was probably less than a third of that, since it was at the tail end of quarter's cost reduction initiatives. I speculate June was negative $200-300k and Q1FY17 could be similar or better if they keep improving.
- Management had projected operational breakeven by FY18? I forget. At my speculated cash burn rate, they won't burn much more money while trying to reach that point.
- 'Phase 1' of cost reductions being complete in June means they have more cards up their sleeves, with good progress already made.
Ann: Appendix 4C - quarterly-TPW.AX, page-16
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Last
$11.75 |
Change
-0.080(0.68%) |
Mkt cap ! $1.396B | |||
| Open | High | Low | Value | Volume |
| $11.88 | $12.02 | $11.66 | $1.785M | 151.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 585 | $11.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.77 | 1538 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TPW (ASX) Chart |