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.
The Rectifier is financially very robust.....Sitting on $6m...
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Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $11.05M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $4.387K | 605.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 5435888 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 4419746 | 12 |
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| Last trade - 15.15pm 17/07/2024 (20 minute delay) ? |
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