remove the one and only large asset (customer receivables), and you’re not left with much of a balance sheet. $330m cash which was raised and which is presumably being burned to increase that top line and get on top of a stagnating UK and slowing customer base US
hardly what I call a strong balance sheet
if we want to get technical, then yes, the profit and loss is even more atrocious and is where the real alarm bells are ringing.
there’s a reason the convertible note deal was issued and presumably minimal investor or fund interest, and this is one part of it.
Daily Price Movement / General Discussion, page-38858
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Last
$3.35 |
Change
-0.035(1.04%) |
Mkt cap ! $4.373B | |||
| Open | High | Low | Value | Volume |
| $3.41 | $3.44 | $3.33 | $19.74M | 5.852M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 115905 | $3.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.35 | 23382 | 12 |
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| Last trade - 14.26pm 14/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |