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If they turn positive in Q4 and then start the buy backs,...

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waggamagpie

101 Posts.

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03/05/23

08:49

Post #: 67577246
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Originally posted by Brett M H: ↑

So BET has increased their cash receipts by around 9% to 9.5% versus PCP for the last 2 x quarters (Q2 & Q3 FY23).

In Q1 FY 23 (the previous quarter), cash receipts increased by a bit more than this (a 13.4% increase) over the PCP (Q1 FY22).

If we add say 9.2% to the PCP (Q4FY22) cash receipts number of $26,216, we get a cash receipts total of around $28,625 for the current quarter (April - June 2023 / Q4 FY23).

And cash outflows for the last quarter (Q3 FY 23) were $28,592.

So with expected cash receipts of around $28,625 this quarter, and with cash outflows already lower than this figure in the quarter just gone - IMO there is a decent case to be made for BET to be either slightly cash flow positive or with a significanty smaller nett cash outflow figure this coming quarter.

Once cash flow positive, management could then confidently use some of the $56m cash they have in the bank for organic growth opportunities or acquisitions or share buy backs.

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If they turn positive in Q4 and then start the buy backs, hopefully we'll start to get back to 40-50c territory. With some better news from key growth areas (US FO, betr etc) it'll add fuel to the fire.

Won't hold my breath though

BET Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 12.5¢		Change 0.010(8.70%)		Mkt cap ! $120.6M

Open	High	Low	Value	Volume
12.0¢	12.5¢	11.5¢	$91.56K	759.0K

Buyers (Bids)

No.	Vol.	Price($)
1	24576	12.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.5¢	415177	4

View Market Depth

No.	Vol.	Price($)
1	24576	0.120
8	1446207	0.115
4	268991	0.110
7	539730	0.105
15	668673	0.100

Price($)	Vol.	No.
0.125	415177	4
0.130	246711	7
0.135	98750	3
0.140	250000	3
0.145	296601	5

Last trade - 16.10pm 07/05/2024 (20 minute delay)


Last 12.5¢			Change 0.010 ( 7.20 %)
Open	High		Low	Volume
11.5¢	12.5¢		11.5¢	671712
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