NXS 14.3% 24.0¢ next science limited

Ann: Nexus 2013 Financial Year Full Year Results , page-18

  1. 689 Posts.
    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.


 
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