And since my first post the share price has dropped from 28.5 to...

First 5 Last

Share
Profile

Follow
hanibal

5 Posts.

23/02/20

19:00

Post #: 43099181
Share

Originally posted by joewolf: ↑

You have only made 4 posts in over a year and all four are about SEQ. In all of them, you declare that you have no stock held. So forgive me if I don't actually understand the motivation here. I am not saying I don't read your posts as I do and as I have gone back over each one of them again. All four are negative towards the new management.

To answer your questions:

Firstly turnover is churning and as people say "turnover is vanity, profit is sanity. So its what you make on that turnover and in the PCP the answer was a loss. This year they made a profit of $451K and last year ( even after excluding the writedown of assets) they made a loss of $1,271 million. That's a huge improvement.

The cash flow statement shows that last year the cash had to be put into the operations to the extent of $2,491 million and this year the business generated $1,997 million from the operations. That's another huge turnaround.

The ASX has allowed its subsidiary Morrisons to reduce its core capital of which 90% has to be in the bank from $12 million to $7,5 million that's another $4.5 million that can be deployed to make more money. The ASX would not have done that unless they saw this business as better than it was the previous year.

The issue surrounding the drop in revenue was explained as follows: "The core revenue for this exercise excludes revenue from ‘specialist product’ sales, which were down $8.4M from $20.7M to $12.3M for the corresponding period. We expect revenue in this area to stabilize at around the $25 million annualised level equivalent to what has been reported in this half year."

I am not surprised that specialist product sales had dropped I think that everyone is suffering after the RC and that it will take time for the dust to settle.

So outside the fact that specialist product sales will take some time to rebuild. I would be very surprised if many of the businesses in this sector are not finding that there are impacts to their business after the RC.

Bottom line the business is in a far better position than it was last year. It has a more stable base of shareholders. It doesn't have a 19% shareholder that the market perceived as weak. The new holder was buying all the way up to this recent purchase so they must have done their DD on SEQ and are probably not stags.

The management structure seems to have settled down.

I for one don't mind the revenue being down if the results and impact of that are these results.

Look at how hard it was for CAF but XPL also had a good result. So this is really a mixed bag in the industry as have reported so far, but I see a trend that excites me.

Expand

And since my first post the share price has dropped from 28.5 to 22.5 (and as low as 17.0) no opinion - just fact.

SEQ Price at posting: 22.5¢ Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

'Not possible' to port renewable gas: ACCC takes AGN to court

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 35.0¢		Change -0.010(2.78%)		Mkt cap ! $43.25M

Open	High	Low	Value	Volume
36.0¢	36.0¢	34.0¢	$48.38K	138.1K

Buyers (Bids)

No.	Vol.	Price($)
1	51965	35.0¢

Sellers (Offers)

Price($)	Vol.	No.
36.0¢	13713	1

View Market Depth

No.	Vol.	Price($)
1	51965	0.350
1	9867	0.340
3	4992	0.335
2	13000	0.330
1	1550	0.325

Price($)	Vol.	No.
0.360	13713	1
0.365	85027	4
0.370	33513	2
0.375	89000	3
0.380	70000	2

Last trade - 16.10pm 26/06/2025 (20 minute delay)

SEQ (ASX) Chart

And since my first post the share price has dropped from 28.5 to...

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Australia’s gas crisis is here – and dying coal plants aren’t helping

'Not possible' to port renewable gas: ACCC takes AGN to court

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

And since my first post the share price has dropped from 28.5 to...

Top Stories

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Australia’s gas crisis is here – and dying coal plants aren’t helping

'Not possible' to port renewable gas: ACCC takes AGN to court

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News