The Rectifier is financially very robust.....Sitting on $6m cash....Very strong working capital....Working Capital Ratio 2.47 (too strong....Some people may say inefficient use of extra funds)
What to do with this cash?
# They can pay off all outstanding current & non current debt (around $4m) & become completely debt free......They chose not to.....I wholeheartedly agree in this climate of low interest rates.
# They can afford to pay Dividend....Perhaps up to 0.002 , leaving >$3m in the kitty.....They chose not to.
# Acquisition or organic growth....I prefer this path.
RFT management have some serious options to consider as to what to do with the extra cash , specially now after the CAPEX already spent in the last couple of years.
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The Rectifier is financially very robust.....Sitting on $6m...
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Mkt cap ! $11.05M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $240 | 30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 2122709 | 0.7¢ |
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Price($) | Vol. | No. |
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0.8¢ | 4970000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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14 | 2122709 | 0.007 |
9 | 2434461 | 0.006 |
10 | 2000110 | 0.005 |
3 | 2175000 | 0.004 |
2 | 1600000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 960000 | 4 |
0.010 | 1293493 | 5 |
0.011 | 692914 | 1 |
0.012 | 2415355 | 7 |
0.013 | 455500 | 2 |
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