I agree Paoloh.
The input costs have accelerated beyond belief in the space of just 12mths! The problem is the cost side of the equation. I have to say that GM look like the norm from now on. i.e GPM of ~20%. This is why a lot of effort now needs to go into sales. I believe that the martek patent has now expired and CLV can now produce DHA from algal sources using the same/similar manuf process. Good news as it will mean that CLVs customer scan make the same claims re; taste/vegetarian etc.
Having all this, if revenue had accelerated on-trend we'd be in a much better NPAT and cash position. Cash does look slim when you look back historically. In my opinion they'll be looking to utilise/sell down that inventory to bringg cash back up above 10Mill. If they can achieve this then they'll have to do a CR based on CAPEX and OPEX in the med-term.
I look to buy below 20c if it can get there.
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47.5¢ |
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Mkt cap ! $79.32M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
2 | 1811 | 48.0¢ |
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Price($) | Vol. | No. |
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1 | 35000 | 0.475 |
1 | 9500 | 0.470 |
2 | 42722 | 0.460 |
1 | 20000 | 0.455 |
Price($) | Vol. | No. |
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0.500 | 2788 | 1 |
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