SRF
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0.00% 6.8¢ surfstitch group limited

So the company booked $3m Ebitda in 1H. Should have been $17.3m...

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  1. unhedger
    2 Posts.
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    21/06/16
    14:41
    Post #: 18084344
    So the company booked $3m Ebitda in 1H. Should have been $17.3m loss in 1H due to cock up in licence revenue.

    Their range is loss 17.3m to 18.3m for FY16. So 2H Ebitda is breakeven to $1m loss. Improvement on 1H.

    Should still have 59-60m in cash pending trade payables/inventories movement. Imagine someone paying $60m market cap for $60m cash?

    DYOR
    SRF Price at posting: 22.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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