Just watched the investor briefing.
Am a bit confused....
Mark says that AU/NZ processing is going to be their primary focus for growth.
What happened to being a leading player in the migrant space and overseas ppl that need to pay AUS bills? Is this no longer a focus to build on? Isn't this the whole focus of IBOA, to be the "leading migrant bank"? it was barely mentioned at all.
In regards to cash flow it sounds like Mark is saying they've done the best they can do in terms of cutting costs... the only way to reach cash flow positive now is by increasing growth.
IDK what NOV's variable costs are, Mark says they're "Semi-fixed". But if we're losing 3-4m per quarter atm, then I would guess we'll need to increase revenue by probably 5-6m to get close to breaking even cash wise. This jump in revenue isn't gonna happen in the next 9 months. I foresee a cash raise coming.... He was asked the question if it's likely and what the cash runway is and gave such a BS non-answer ahah.
Just watched the investor briefing.Am a bit confused....Mark...
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Last
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| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
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Change
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| Open | High | Low | Volume | ||
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| Last updated 15.53pm 03/06/2024 ? | |||||
| NOV (ASX) Chart |