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

VTG

Click for more information

0.00%

8.1¢ vita group limited

just as well you are not in the register as your analysis would...

First 34 Last

Share
Profile

Follow
essentialscutty

854 Posts.

113

31/08/22

11:56

Post #: 63430707
Share

Originally posted by woomp001: ↑

Warchest???

Right now, net cash is UNDER 15M, and they are burning circa 750K a MONTH just existing.

How many new clinics can they acquire on that basis, under you consolidation thesis?

No where near enough to develop the scale they need, is the answer.

Look, I don't have any ill will toward you scutty... I wish everyone the best.

My view is that they are trapped. They don't have enough cash to scale enough to make it all work.
Post the sale, they left far to much overhead in the business.

30M in revenue really is sub scale for an ASX listed entity, with 5M plus per year in board and KMP remuneration, and associated listing costs.

Remember that Artisan lost 5M in 2019, pre covid.

I don't see why some think this can be easily, magically, or quickly altered.

Expand

just as well you are not in the register as your analysis would suggest the BOD doesn't have a clue about building a new business.

VTG Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

88E

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

HVN

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

EXR

Essential Energy conference: Elixir talks up unlocking QLD's Taroom Trough

BPM

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

Essential Energy conference: Streamlining approvals key to the green energy transition

There are more pages in this discussion • 25 more messages in this thread...

First 34 Last

Add VTG (ASX) to my watchlist