This is probably not quite the result some punters were expecting. IMO its still early days for this company considering the short period it had from the IPO to June 30 2021. The one question I have from a quick read of the results is what is the detailed breakdown of the increase in trade and payables from about $3.7m in 2020 to $12m+ in 2021. It is not explained in detail in the notes to the accounts and considering it represents $8m against a loss of $2.1m I think it could be delineated a little further so that shareholders can ascertain whether it contains ongoing or one off costs. I would personally like to know.
CHL Price at posting:
$1.41 Sentiment: Hold Disclosure: Held
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