I think if you were looking at results from a high level the big warning sign would be $18m net operating loss with only $16m in the bank. However that doesn’t tell the true story of non recurring legal fees and staff costs. The business is basically cash break even now. I don’t envisage any cap raises.
Secondly if you compare 2020 LTV to what is in the report this year for 2020 $52m has disappeared. This is basically because last years ARR in June 2020 report was inflated by using a very generous March exchange rate.
I think the market needs convincing that reporting is going to be transparent to gain confidence. There’s been a lot of smoke and mirrors in the past.
It would be interesting to know what the higher R&D costs were in the quarter?
I think this report is definitely a step in the right direction proven by the fact they went with a less favourable but a more realistic exchange rate comparison.
ps I find it mind boggling those selling at this rate.
- Forums
- ASX - By Stock
- LVT
- Ann: FY21 Q4 Results Investor Presentation
Ann: FY21 Q4 Results Investor Presentation, page-25
-
-
- There are more pages in this discussion • 27 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 LVT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online