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1.7¢ spectur limited

Ann: Spectur Limited to acquire 3 Crowns Technologies, page-18

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kickit2me

13,625 Posts.

4845

13/01/23

15:30

Post #: 65679747
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Originally posted by Klogg: ↑

My reasoning below.

- Spectur paid high prices for both capital raising. And diluted shareholders heavily
- They took debt funding without any real path to CF+
- They've hired more sales staff than they need. Still, they retain large amounts of sales even when there's a pipeline of work so great it'll take them a while to work through.
What's more, they retained sales staff through COVID, when sales took a hit.
- They spent management time and effort (ongoing) reviewing M&A candidates. More fees will be spent on legal/DD and so on

I can respect spending much needed cash to sure up inventories. But the above is not reflective of a company striving to stop diluting shareholders.
This would do much better if taken over and appended to a company with a broader product suite, simply to remove/trim the admin/overheads.

I could be very wrong on this. And if it works out, the upside is massive (10x would still be sub $60m). But it needs the right management focus.
I don't think that's in place.

Expand

But no numbers?

Here's the actual cash outflow:

Against the Revenue:

Makes it a bit hard to support your reasoning when the numbers look different.

Chuck a trend line on these values.

Cash outflow decreasing.
Revenue increasing.

...

SP3 Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
2 Upvote

1 Great analysis

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Last 1.7¢		Change 0.000(0.00%)		Mkt cap ! $4.942M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	65591	1.7¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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3	605542	0.016
3	1760000	0.015
1	50000	0.014
3	2298461	0.013

Price($)	Vol.	No.
0.018	115591	1
0.020	86153	2
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0.022	109551	1
0.023	700000	1

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