SRF
Click for more information
0.00% 6.8¢ surfstitch group limited

Ann: Company Update-SRF.AX, page-141

  1. mickeebee
    3,718 Posts.
    lightbulb Created with Sketch. 1101
    clock Created with Sketch.
    30/08/16
    16:31
    Post #: 18798999
    why should it bounce back?

    any cash balance quoted IS NOT net of liabs - has $37 in trade & other payables!!! ALL OF WHICH ARE CURRENT & PAYABLE!
    - NET DEBT POSITION OF $16M - how will this be financed? let alone pay the fat cats?

    holding $$$ inventory (cost of carry - can it be sold?), and tiny trade receivables ($9m) wont help...whats the monthly cash burn.....! they will need a lifeline, asset sales too slow...some predator will pounce, for nix!

    i feel for all.....hope i am wrong...GLTAH
    SRF Price at posting: 10.5¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Finding financial stability when inflation's out of control
right-arrow Created with Sketch.
CAR Driving up revenue - & the share price today
right-arrow Created with Sketch.
GBR Great Boulder reports mineralisation over 400m of strike at Mulga Bill North
right-arrow Created with Sketch.
MKG Mako reports shallow high grade gold in scout drilling at Tchaga North
right-arrow Created with Sketch.
STX Award of 85 MW capacity pushes Strike's Erregulla power station project closer to FID
right-arrow Created with Sketch.
WAF Drilling at Kiaka Gold Project yields 7.6 g/t intercept for West African
right-arrow Created with Sketch.
watchlist Created with Sketch. Add SRF (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.