SPX 8.33% 1.3¢ spenda limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-338

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  1. 1,062 Posts.
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    I think you can expect attempts to bump up the SP with some announcements (new business or further steps towards DW). Good opportunities to sell IMO. Revenues will not increase substantially for the next 6 months at best as lending revenues are capped by funding capacity. Cash burn is about $3mio which I find very high for what they are actually delivering at this stage. I think more and more people will focus on the bottom line so I’d expect the SP to remain heavy. But they have some interesting business leads. Hopefully the negative sentiment does not impact the execution of the 6-12 months roadmap.
 
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