Ann: Appendix 4C - Quarterly Report with commentary, page-51

First 51 Last

Share
Profile

Follow
supergwailoh

723 Posts.

297

31/01/20

21:14

Post #: 42684425
Share

Originally posted by blutak: ↑

C’mon peeps. Let’s think this through. The communication from the company has been selective at best but it’s not that hard to see why the LIFX sales and receipts were low.

We all know the company was desperately short of cash in mid 2019 and by the time the cash came in it was too late to fund the purchase of stock for Xmas, so sales are off and orders were rejected. Yeah that sucks but writing was in the wall. Upshot is there’s demand for the product and currently the business has facilities in place that will hopefully prevent a similar situation occurring in 2020.

the reason many bought BUD in the first place, OHM and the platform services are actually gaining traction which is hilarious. It’s finally gaining traction and no one gives a sh$t any more! Oh the irony.

yes the cash balance is only $3m but there’s a pretty big accounts receivable so there’s a reasonable chance that cashflow in the current quarter might be okay (no guarantees though, it’s BUD after all). The June quarter might be a stinker for cashflow but then again if the business has the capacity to fund inventory this year and consolidate its retail channels and get product to store then it could be pretty good. Note the much of the new facilities to fund inventory are largely indrawn at this point.

delaying the larger debt repayment of about $10m is of course pretty important so watch this space.

in some respects I’m glad that they didn’t achieve the 70-100% growth... that kind of growth looks good on paper but is a huge drain on working capital so in some ways it’s a bullet dodged. Downside is that BUD is still short of cash at lower turnover. Oh well, grind higher and tighten costs.

oh so what’s my summary? LIFX seems to be a great product and 2 out of three ain’t bad???

lets find out Monday. I have no idea which way the SP will go.

Expand

are you joking? In May 3019 The company said hey had solved manufacturing restraints that made them turn away $10m of orders last year. They lied. Fraud. They turned away $14m this qtr!!! Jail please.

BUD Price at posting: 2.8¢ Sentiment: Sell Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

EBR

EBR reaches review milestone for wireless cardiac pacing device

EMR

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

TLG

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

HYT

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

I88

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

There are more pages in this discussion • 67 more messages in this thread...

First 51 Last

Add BUD (ASX) to my watchlist

Ann: Appendix 4C - Quarterly Report with commentary, page-51

Top Stories

EBR reaches review milestone for wireless cardiac pacing device

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

Featured News