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

FBR

Click for more information

4.55%

4.6¢ fbr ltd

I agree on those terms it doesn't meet the short term cash...

First 87 Last

Share
Profile

Follow
Hainesie

59 Posts.

9

06/02/19

09:00

Post #: 37343963
Share
Originally posted by adent: ↑

No worries.
Lets work the math backwards then.
For arguments sake lets assume
FBR needs 6 million per quarter to operate and remain solvent.
The JV with 2 HXs can build 60 houses from April 1 to June 30 (as per previous math).
There is no time lost due to material delay, breakdowns, travel time etc.
The JV company will get paid immediately the walls are built and not have to wait 30, 60 or 90 days for payment.
BRK doesn't take any of the revenue from the joint venture during that 3 month period.

6 million / 60 is $100k ex GST paid for brick laying services per house that each HX has to earn.
How likely is that?
I would suggest that there would be zero chance of being paid that much per house for the brick laying services.

FBR will need cash from somewhere else. The JV doesn't meet the short term cash requirements to keep FBR a float.

Expand

I agree on those terms it doesn't meet the short term cash requirements but if FBR is running concurrent programs in Aus, Europe and potentially Saudi or Mexico, all as JV's somehow we might be looking OK.
I think it's important to remember this JV is just for Australia. I don't think they have given up on the rest of the world, it's just not part of this JV.
FBR Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Nine's staff strike as Paris Olympic coverage begins

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

There are more pages in this discussion • 113 more messages in this thread...

First 87 Last

Add FBR (ASX) to my watchlist

(20min delay)
Last 4.6¢		Change 0.002(4.55%)		Mkt cap ! $205.2M

Open	High	Low	Value	Volume
4.5¢	4.6¢	4.3¢	$228.5K	5.099M

Buyers (Bids)

No.	Vol.	Price($)
2	470586	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.6¢	473308	2

View Market Depth

No.	Vol.	Price($)
2	470586	0.045
5	513210	0.044
3	238684	0.043
6	589556	0.042
12	1101091	0.041

Price($)	Vol.	No.
0.046	473308	2
0.048	280000	3
0.049	100000	1
0.050	1025159	10
0.051	704620	5

Last trade - 16.10pm 26/07/2024 (20 minute delay)

FBR (ASX) Chart