Well yes and no.
If we base it on 4Q CF, outflows from operations of $1.217m plus outflows from investing of $960k, that's $2.177m of outflow. PLY has $11.235m in cash at the end of the quarter. $11.235/$2.177m = 5 and a bit quarters.
Using 4Q numbers as a base is flawed because it assumes no growth in revenue and/or costs remain at current rate.
- PLY went from a $2.329m operating cash outflow in 3Q to a $1.217m operating cash outflow in 4Q.
- Cash receipts from customers went from $1.99m to $3.6m, that's almost doubled.
- Advertising expense also went from $1.8m to $3m. Full year advertising expenses were $6.7m, so 45% of full year advertising expenses were recorded in 1 quarter.
- Investment in PPE and IP also went from $255k in 3Q to $960k in 4Q. Full year number was $2.073m, so 4Q number was 46% of full year number.
I'm sure management is aware of this and smart enough to know this is not sustainable. They will probably turn off the tap when the playerbase grows to a certain point and player retaining rate remains healthy.
I dont think there is a need for a cap raise at this point, but i will keep a close eye on the next 4C.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Well yes and no. If we base it on 4Q CF, outflows from...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLY (ASX) to my watchlist
(20min delay)
|
|||||
Last
59.5¢ |
Change
-0.005(0.83%) |
Mkt cap ! $243.4M |
Open | High | Low | Value | Volume |
59.0¢ | 60.5¢ | 57.5¢ | $172.1K | 292.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 101 | 59.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
60.0¢ | 47083 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1800 | 0.570 |
3 | 40118 | 0.550 |
4 | 24706 | 0.545 |
6 | 33519 | 0.540 |
2 | 2434 | 0.535 |
Price($) | Vol. | No. |
---|---|---|
0.600 | 47083 | 4 |
0.610 | 33399 | 4 |
0.615 | 4000 | 1 |
0.625 | 8000 | 1 |
0.630 | 20420 | 3 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
PLY (ASX) Chart |