So Decmil's gross margin has shrunk by 43%, from 11.4% to 6.4%. There's a red flag if there ever was one. There's no point in building a bigger order book at the expense of profitability. This strategy of bidding low to win work was never going to work and has led many companies down a path of no return.
The other red flag is on the cash front - $50M in cash + current receivables but $58M in current payables. So which suppliers are they holding off paying? I know they have lending facilities but they should not be needing to dip into them to cover operating costs.
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $45.89M |
Open | High | Low | Value | Volume |
29.0¢ | 29.5¢ | 29.0¢ | $300.7K | 1.033M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 3365316 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 918187 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 3365316 | 0.290 |
1 | 10717 | 0.280 |
4 | 20006 | 0.150 |
1 | 10000 | 0.135 |
1 | 30000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 918187 | 13 |
0.300 | 1909204 | 8 |
0.305 | 54287 | 3 |
0.310 | 10000 | 1 |
0.320 | 7250 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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