They have $36m in cash, with a little more available on their credit facility. The rate is rather cheap (sub 3%) so they're not creating big expenses by drawing down alot of cash.
At $36m and with current operations open, they can last very long, much longer than a year. On the call to investors they stated they're running cash flow neutral. Mocka NZ should open soon (april 22nd is the end of phase 4 lockdown), which will only add to cash flow.
How strong cash flows will be from retail once they open is another question. At the very least, they're running a small cash flow surplus until a vaccine is in. That's the worst case.
I'm willing to have a year of no cash flow for a company trading at ~4* EBIT (not they'll return to that figure immediately)
ADH Cash for Survival Okay, page-2
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ADH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.67 |
Change
-0.195(10.5%) |
Mkt cap ! $291.7M | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.79 | $1.65 | $4.419M | 2.617M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2525 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 18934 | 1 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| ADH (ASX) Chart |