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6.8¢ rpm automotive group limited

Ann: Trading Halt, page-65

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GKeden

2,525 Posts.

156

18/04/24

13:10

Post #: 73406707
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Originally posted by GKeden: ↑

Hello. OK. Let's list the red flags more accuracy (rather than freak out to your generalisations hysteria):

1. $3,813,369 convertible note (plus interest) remaining from the 30/6/23 balance sheet

2. $4,756,633 deferred acquisition payment on the 30/6/23 balance (not detailed in the 31/12/23 balance sheet notes).

3. $4,248,872 in operating cashflow for 31/12/23, which was chewed up by payment for property, plant and equipment ($1,204,616); payment to acquired entities ($1,851,882); lease liabilities ($1,762,631) and finance ($235,408); repayment of borrowings ($1,083,097).

4. So, despite its positive operating cash flow (which we must assume is ongoing) and even the probably non-compulsory repayment of borrowings, the impression is RPM was not able to use operating cash to repay $2M for a convertible note and $2M CAPEX for new capital investment in a tyre recycling plant.

Expand

Hello. Actually, the Deferred Acquisition Payments debt for 31/12/23 was $3,969,324. Therefore, the impression is $787,309 was paid (in either cash or shares) in the last half for deferred acquisition, i.e., possibly "earn outs".

Last edited by GKeden: 18/04/24

RPM Price at posting: 7.1¢ Sentiment: None Disclosure: Held
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0 Great analysis

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Last 6.8¢		Change 0.001(1.49%)		Mkt cap ! $17.15M

Open	High	Low	Value	Volume
6.8¢	6.8¢	6.8¢	$3.4K	50K

Buyers (Bids)

No.	Vol.	Price($)
1	150000	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	239401	3

View Market Depth

No.	Vol.	Price($)
1	150000	0.068
2	264180	0.067
3	327223	0.066
4	443900	0.065
1	202835	0.064

Price($)	Vol.	No.
0.070	239401	3
0.071	439999	2
0.072	117442	1
0.073	150000	1
0.074	140000	2

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