re: Ann: Nexus 2013 Financial Year Full Year ... Hi ggtrain,
"So I think your comment......
"Is selling the farm to pay the bills "profit"?"
is way off the mark ."
Way off the mark? NXS has posted a $17.5M profit, with 'other income' of $57M, of which $46M is from the part sale of Crux. Take out the $46M for an asset sale, do you have a profit??
It's great that costs & debt are being reduced, but with little cash & a significant cash burn, holders are headed for a CR or a big fish will pick up the assets for nicks in a fire sale. Cash is King.
Speaking of cash burn, I had a look at the last quarterly to check my notes. Golly Gosh! Cash outflow last quarter $7M. Expected outflow this quarter $14M!!
You've only got $12M!!
AR exceed AP by $7M which is a plus.
Congrats on the days SP action. Tomorrow will be interesting.
Ann: Nexus 2013 Financial Year Full Year Results , page-18
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NXS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
27.5¢ |
Change
-0.015(5.17%) |
Mkt cap ! $80.21M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 28.5¢ | 26.0¢ | $30.57K | 112.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19549 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 9999 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| NXS (ASX) Chart |