FLC fluence corporation limited

13.9%

4.1¢

Thanks Rex,If we plug in a gross margin of:35% for SPS50% for...

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jamesc666

864 Posts.

1222

29/01/21

12:05

Post #: 50537855
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Originally posted by ReXXar: ↑

Well,

12 months ago before COVID hit, management made a forecast of SPS $32m, this was hit. Recurring revenue of $9.1m, this was missed by $1m. CES of $120m underpinned by the IC project, $56m was recognized with remainder being extended into FY22.

Now bear in mind when the forecast was made 12 months ago the SP was 0.395, currently trading at 39% discount.

Going forward, FY21 SPS revenue forecast (mid-range) up 31% from FY20, which was up 22% from FY19. This is underpinned by existing projects, so the revenue forecast is NOT including potential new business wins from my understanding. $27m in cash will be released over next 18 months plus $3m in cash refund from SQ project, so that's about USD$65m in total cash which is about AUD$84.7m, which is about 44% of current market cap. Fundamentally speaking, I can't pinpoint anything wrong this company, all the financial metrics are heading in right direction with rising margin and decreasing SG&A cost. I don't like the restructuring cost of $7m which will be spread out in FY21 but that's a one-off. Thoughts?

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Thanks Rex,

If we plug in a gross margin of:
35% for SPS
50% for recurring
15% for CES
I think we would not only be EBITDA positive, but also net profitable before impairment from SQ this financial year of 2021.

FLC Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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Last 4.1¢		Change 0.005(13.9%)		Mkt cap ! $44.49M

Open	High	Low	Value	Volume
3.7¢	4.5¢	3.7¢	$158.3K	3.729M

Buyers (Bids)

No.	Vol.	Price($)
2	109465	4.1¢

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Price($)	Vol.	No.
4.2¢	250000	1

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No.	Vol.	Price($)
2	109465	0.041
2	125000	0.040
2	350000	0.039
1	25000	0.038
2	20000	0.037

Price($)	Vol.	No.
0.042	250000	1
0.045	25000	1
0.046	14516	1
0.050	72044	2
0.054	64893	1

Last trade - 15.44pm 20/06/2025 (20 minute delay)

FLC (ASX) Chart

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