Australia's largest stock trading and investment forum Australia's #1 stock forum

ST1

Click for more information

0.00%

5.7¢ spirit technology solutions ltd

Ann: Acquisition and Underwritten Placement & Entitlement Offer, page-13

First 13 Last

Share
Profile

Follow
weekend_cook

116 Posts.

33

24/08/24

12:07

Post #: 75354929
Share

Originally posted by Hamish001: ↑

Good analysis, but I take a slightly different view.

Old mate Brian (AKA JC) steps into a $46m loss making sinking ship and successfully turns it into a forecast $11m profit over a three year tenure.

I agree, perhaps not the stuff of legends, but a pretty handy turnaround I would have thought.

To each their own ;-)

Expand

The 46M was largely an impairment. Probably why "old mate's" predecessor resigned. The same year it did have an operating cashflow of $3.6M

That said, if he does hit an $11M profit then it is a worthy turnaround.

Still struggling to understand why they buy a $3M revenue business

ST1 Price at posting: 6.1¢ Sentiment: Sell Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Failure to report prompts ASX to impose multiple company suspensions

IRE

Iress runs 'hot' for Wealth Within's stock tips

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

There are more pages in this discussion • 1 more message in this thread...

First 13 Last

Add ST1 (ASX) to my watchlist

(20min delay)
Last 5.7¢		Change 0.000(0.00%)		Mkt cap ! $105.1M

Open	High	Low	Value	Volume
5.7¢	5.7¢	5.7¢	$4.369K	76.64K

Buyers (Bids)

No.	Vol.	Price($)
1	7404	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	13668	1

View Market Depth

No.	Vol.	Price($)
1	7404	0.057
1	668334	0.056
2	296500	0.054
2	71223	0.052
1	85918	0.051

Price($)	Vol.	No.
0.058	13668	1
0.059	246635	3
0.060	7699	1
0.061	200000	1
0.063	30000	1

Last trade - 12.41pm 01/10/2024 (20 minute delay)

ST1 (ASX) Chart

SPONSORED BY