Hi Hardcash
I think you may have been mislead by the wording of today's presentation about cash. Strike said they had "$114M of cash and undrawn debt" at 31 Dec 2023.
IMHO, it would have been better if they had shown the actual numbers from their Dec quarterly which clearly show they had cash of $66M and undrawn facilities of $47M.
And of course they had already drawn down $25M. So the net cash position at the end of Dec was only $41M.
And that's the key item that is alarming for potential investors who may have quickly looked at today's presentation: There's a big difference between $114M and $41M.
Cheers
ft
- Forums
- ASX - By Stock
- STX
- Ann: Euroz Rottnest Institutional Conference
Ann: Euroz Rottnest Institutional Conference, page-9
-
- There are more pages in this discussion • 50 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STX (ASX) to my watchlist
(20min delay)
|
|||||
Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $616.0M |
Open | High | Low | Value | Volume |
22.0¢ | 22.5¢ | 21.0¢ | $4.542M | 20.80M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 343465 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 563407 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 680227 | 0.210 |
14 | 878187 | 0.205 |
16 | 1600122 | 0.200 |
20 | 1202513 | 0.195 |
29 | 1334836 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 517953 | 8 |
0.225 | 1943976 | 12 |
0.230 | 1974439 | 22 |
0.235 | 670357 | 14 |
0.240 | 2349819 | 19 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
STX (ASX) Chart |