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

CLV

Click for more information

2.06%

47.5¢ clover corporation limited

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

First 31 Last

Share
Profile

Follow
gemma

1,611 Posts.

30

24/03/16

15:52

Post #: 17356979
Share

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.

Expand

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
2 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin: Current State of Play & Where to Next | Swyftx

GTG

Genetic Tech boosts reach of the geneType risk tests in 42 countries with global launch

LMS

Litchfield hits massive sulphide find in West Arunta with only 4 diamond holes

AON

Apollo Minerals kicks off maiden gold drilling at Salanie Gold Project in Gabon

Emerald & Azure score Digger & Dealer awards

There are more pages in this discussion • 14 more messages in this thread...

First 31 Last

Add CLV (ASX) to my watchlist

(20min delay)
Last 47.5¢		Change -0.010(2.06%)		Mkt cap ! $79.32M

Open	High	Low	Value	Volume
46.5¢	47.5¢	46.5¢	$19.09K	40.41K

Buyers (Bids)

No.	Vol.	Price($)
1	142	49.0¢

Sellers (Offers)

Price($)	Vol.	No.
49.5¢	4477	1

View Market Depth

No.	Vol.	Price($)
2	1811	0.475
1	9500	0.470
2	42722	0.460
1	20000	0.455
1	441	0.450

Price($)	Vol.	No.
0.495	4477	1
0.500	2788	1
0.510	6123	2
0.520	518	1
0.545	11000	1

Last trade - 10.38am 15/08/2024 (20 minute delay)

CLV (ASX) Chart

SPONSORED BY