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

ODA

Click for more information

0.00%

16.0¢ orcoda limited

Ann: Appendix 4C - Quarter ended 30 June 2017, page-117

First 117 Last

Share
Profile

Follow
Scouse

6,881 Posts.

1

25/09/17

13:49

Post #: 27438450
Share

Originally posted by Paul100 ↑

Conerned
You arecorrect they wont be broke by Christmas but buy next June at the latest they will be out of cash.

I only browsed the annual report and missed a couple of items
1. 377 K of the Lanstead loan is in long term assets
2. The 500K recently raised

However you are ommitting the trade payables of 1.8M
Also the Lanstead loan is now less than the remaining 2.072 due to the falling share price .

However in looking closer at the accounts I was shocked at their real position.

Revenue for the first 6 months was only 478K and of this only 75K came from the new business model.

So how does this reconcile with the March quarter statement that revenue was 1.12M for the quarter and that graph of the new business on Aug 23rd announcement shows 309M in revenue for the first half but what it does not say is how much of that amount actually goes to SMA. The annual report says they only got 75K or just 25%.

They also state that the Gross margin on the new business is 48%. Even at that rate they need their share to be around 7M just to breakeven.

I wonder what new business they will come up with next

Expand

They're bound to find a lithium deposit

SMA Price at posting: 0.6¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

UNT

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

INA

Ingenia shares jump 7% on strong revenue and earnings figures

Banking on ANZ in this week's Hot Stock tips

USL

'Joaquin Silver District' acquisition to become a key asset for Unico

There are more pages in this discussion • 2 more messages in this thread...

First 117 Last

Add ODA (ASX) to my watchlist

(20min delay)
Last 16.0¢		Change 0.000(0.00%)		Mkt cap ! $27.06M

Open	High	Low	Value	Volume
16.0¢	16.0¢	16.0¢	$2.321K	14.50K

Buyers (Bids)

No.	Vol.	Price($)
2	41292	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.0¢	54314	2

View Market Depth

No.	Vol.	Price($)
2	41292	0.160
1	1974	0.155
1	2000	0.130
1	37000	0.110
1	60000	0.050

Price($)	Vol.	No.
0.180	54314	2
0.195	10000	1
0.205	9447	1
0.210	50000	1
0.220	16153	1

Last trade - 10.12am 20/08/2024 (20 minute delay)

ODA (ASX) Chart

SPONSORED BY