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58.0¢ clover corporation limited

It is interesting and profit is up!! which is a great thing. But...

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gemma

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24/03/16

15:52

Post #: 17356979
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Originally posted by paoloh ↑

I must be missing something, but can someone explain why is this such a good result? Yes revenues were up, BUT:
1. Again the GP margin suffered a significant squeeze, falling to 19% (from 23% pcp). CLV continues to experience serious pricing pressures with its key customers (and perhaps its new customers as well??).
2. Despite the weak GP results, Admin expenses increased 20% on pcp. At least the management team are looking after themselves ....
3. Operating Cash Flow was negative again!!
4. And the PreTerm trial (CLV's supposed golden ticket) has been delayed again. At the AGM, held 27th November, the trial was to be completed by end December. We are now in March and it sounds as though they may still be recruiting patients for the trial. Nothing but open and transparent disclosure ....

I love the industry thematic and optionality in CLV, but I cannot accept that this was a good result.

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It is interesting and profit is up!! which is a great thing.

But we are still waiting for stage 3 results and with the share price heading north over the last week, something is possibly going on...

Last edited by gemma: 24/03/16

CLV Price at posting: 43.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 58.0¢		Change 0.000(0.00%)		Mkt cap ! $96.85M

Open	High	Low	Value	Volume
57.0¢	58.0¢	56.0¢	$19.22K	33.77K

Buyers (Bids)

No.	Vol.	Price($)
2	31196	56.5¢

Sellers (Offers)

Price($)	Vol.	No.
58.0¢	14802	2

View Market Depth

No.	Vol.	Price($)
2	31196	0.565
3	29549	0.560
2	7920	0.550
1	1836	0.545
1	6322	0.540

Price($)	Vol.	No.
0.580	14802	2
0.590	3513	2
0.600	8000	2
0.620	5490	2
0.630	20000	1

Last trade - 16.10pm 18/10/2024 (20 minute delay)

CLV (ASX) Chart