Heavens to Murgatroyd! Well the price has truly plummeted now.
As you say, the wash cycle seems to be release results, price plummets, explain results. The rinse cycle is Yew buying in market to support the price. Hope that happens soon
Just looking at the results compared with Q1, revenue down 16%, working capital up 16%, taxes up 200%. The commentary says the revenue will add to Q3 and the tax will be refunded eventually.
Receivables were carried over last quarter too so the elephant in the room is the $479k in the bank. Will need to be an outstanding Q3.
Also noticed the commentary this time didn't confirm "earnings guidance for FY2016 of an EBITDA in the range of $2.8 million to $3.1 million" like Q1.
ICU Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
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