Look at the operating numbers....!!! Simply not profitable!! Model is broken. (insert run symbol)
spotless HAD to convert to get paid and bought mngt some time (removed debt squeeze-temp relief!!-my bet is they'll sell down to get paid their $$$ in cash).. They continue to rob Peter to pay Paul!!!
They're paying interest with script n capitalising for a reason!!! AC payable is huge...cashflow alarm bells ringing yet??!!
theyll be a rate rise today given sticky inflation...if 0.5....ouch....!
safer bets elsewhere!
as I've seen with others (billabong/surfstitch) the vultures usually lurk so when the beast dies they pick off on the carcass...buyer beware!
Ann: MOZ - Appendix 4C - FY23 Quarter 1, page-8
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