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Ann: Quarterly Update, page-99

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17,964 Posts.

1659

03/05/20

16:53

Post #: 44407313
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Originally posted by Tiga33: ↑

Hi Rick64,
IMO you should delay your top up in order to bring your average down. If need be, lodge a long term buy order in the very low 2's,and exercise patience.
The price will most likely continue to drift down in the period to July.
Even if 1ST manages to reduce cash burn to circa $700k in Q4, many moons will pass before it will achieve cash flow break even.
Based on Q4 projections of an annualised cash outflow of $8,600.000 and earnings of $5,800,000 (from 11,200 sites) 1st would need to grow sites by an additional 5,000 + in order to reach the tipping point. A pick up in the rate of on boarding Landmark clients may provide a much needed impetus later in 2020 however it is unlikely that revenue will grow sufficiently quickly to avoid another CR later in 2020 or early in 2021.
Telehealth will contribute additional usage fees in Q4 however they will need to be both substantial and long term for it to be a game changer.
GL to all holders,

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Correct...averaging down is madness with a company that is actually shrinking and will,imo, need to raise money yet again

If you want to commit money to the market, there are far better opportunities out there I believe

1ST Price at posting: 2.7¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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(20min delay)
Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $17.50M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$480	80K

Buyers (Bids)

No.	Vol.	Price($)
2	1100000	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	1886320	3

View Market Depth

No.	Vol.	Price($)
2	1100000	0.005
7	4732844	0.004
10	10072918	0.003
2	950000	0.002
2	1200000	0.001

Price($)	Vol.	No.
0.006	1886320	3
0.007	1312861	3
0.008	843079	1
0.009	1015000	2
0.018	50000	1

Last trade - 10.09am 03/10/2024 (20 minute delay)

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