Australia's largest stock trading and investment forum Australia's #1 stock forum

AR9

Click for more information

3.80%

7.6¢ archtis limited

Ann: Proposed issue of securities - AR9, page-11

First 11 Last

Share
Profile

Follow
rasaj

1,812 Posts.

233

24/10/23

21:41

Post #: 70515871
Share
Originally posted by tropic: ↑

I agree, the performance bar is set very low - too low
Recurring revenue of just over $4M and total revenue of just under $8.7M for year 30th June grants 50%. I wouldf have expected a total revenue figure of at least $10M with at minumum 60% of that being recuring.
Positive net cash flow by 30th June grants 30%. I think min cash flow+ve of at least $0.5M
Gross margin >= 60% (which was achieved last year) sets no incentive to perform.

Add to that granting AR9O16 - Unlisted Options ($0.0792, expiring 3 years from date of issue). That's about 8c conversion price in 3 years. Well I certainly hope that in 3 years the share price is well above 8c. The conversion price should have been set at 50c given the 3 years. I would expect share price in 2026 to be over $1.

This is a very soft performance bonus package.

It's a "NO" from me for Resolution 4.

Expand

Agree.

Happy for management to be rewarded when there's a material uplift in performance.

My back of envelope suggests circa $10m in revenue should already have been locked in prior to last EOFY.

Therefore, imo hurdles too low.

Will vote accordingly, unless management decides to materially increase the performance hurdles.
AR9 Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

AI stocks: What to expect in 2024-25

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

There are more pages in this discussion • 31 more messages in this thread...

First 11 Last

Add AR9 (ASX) to my watchlist

(20min delay)
Last 7.6¢		Change -0.003(3.80%)		Mkt cap ! $21.78M

Open	High	Low	Value	Volume
7.8¢	7.8¢	7.6¢	$34.65K	453.0K

Buyers (Bids)

No.	Vol.	Price($)
3	276910	7.5¢

Sellers (Offers)

Price($)	Vol.	No.
7.8¢	15882	3

View Market Depth

No.	Vol.	Price($)
3	276910	0.075
1	30000	0.072
1	19000	0.071
2	105000	0.070
1	60373	0.065

Price($)	Vol.	No.
0.078	15882	3
0.080	3333	1
0.081	163000	1
0.083	24240	1
0.085	111776	2

Last trade - 15.38pm 16/07/2024 (20 minute delay)

AR9 (ASX) Chart