This result is very very bad!
Loss in normalized terms up 100%
Inventory $3M up $800K with sales of $6M means a stock turn of 2, should be at least 6. Must have purchased shite with the acquisitions.
Trade and other payables 2,674,455 1,230,413, up $1.4M.
Trade and other receivables 708,976 1,044,791, down $300K.
This means their cashflow for the 2nd quarter was propped up by holding back payments and collecting everything they can.
Spent last week in discussions on cash and balance sheets, some worrying sign here.
Heads have to roll on this, and by the state of cash not replaced.
"Full benefits of business restructuring and integration will commence from Q4 FY24 and
are targeted to deliver cash flow positive trading prior to June 30, 2024."
A wise chairman once said to me, be careful we don't start believing our own bull Sh%t.
A message for this Chairman!
This result is very very bad!Loss in normalized terms up...
Add AN1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.768M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $11.31K | 1.886M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1650000 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 915710 | 1 |
View Market Depth
| Last trade - 14.23pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
0.6¢ |
Change
0.000 ( 14.3 %) |
||||
| Open | High | Low | Volume | ||
| 0.6¢ | 0.6¢ | 0.6¢ | 287949 | ||
| Last updated 14.34pm 14/06/2024 ? | |||||
| AN1 (ASX) Chart |