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6.9¢ rpm automotive group limited

Ann: Trading Halt, page-66

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LD99

6,995 Posts.

1354

18/04/24

13:12

Post #: 73406756
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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.

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Deferred acquisition payment still there at 31/12/2023 champ

$41mill of intangibles gives the NTA of the company $7.4million

RPM Price at posting: 7.1¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 6.9¢		Change -0.002(2.82%)		Mkt cap ! $17.40M

Open	High	Low	Value	Volume
7.0¢	7.0¢	6.9¢	$33.05K	476.4K

Buyers (Bids)

No.	Vol.	Price($)
2	194555	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	150000	1

View Market Depth

No.	Vol.	Price($)
2	194555	0.069
1	202835	0.064
1	237726	0.063
4	169682	0.060
2	33932	0.059

Price($)	Vol.	No.
0.070	150000	1
0.071	369999	1
0.072	100000	1
0.074	140000	2
0.075	36614	1

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