End of this quarter they should be @ US$ 10.2 million in net cash and receivables @ A$ 0.45 per share market cap is US$37.9 million ..... so 25% of the current market cap is net cash.
If they can recover some lost contract sales momentum to get and keep annual revenue at US$ 30 million you will be looking at free cashflow of between US$ 5 and US$ 6 million per year. Stripping our net cash and using the 5 million figure that is 5.5 x market cap (after deducting net cash).
It is all about the sales, if they can get back to showing some contracted sales growth then stock is very well positioned for a very significant rebound. All comes down to signing new contracts, backdrop is supportive in the longer term, can management translate that supportive backdrop ?
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Last
$1.63 |
Change
-0.020(1.21%) |
Mkt cap ! $275.3M | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.68 | $1.63 | $30.44K | 18.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 870 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 120 | 1 |
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| Last trade - 13.32pm 04/07/2025 (20 minute delay) ? |
| CGS (ASX) Chart |