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

SFG

Click for more information

0.00%

0.2¢ seafarms group limited

Ann: Reinstatement to Official Quotation, page-5

First 5 Last

Share
Profile

Follow
plough

34,401 Posts.

1949

27/11/22

14:45

Post #: 65011576
Share

Originally posted by BWinter ↑

If the cash spent on PSD is stripped out of the cash flow statement they are still losing $20M p.a.so, as we are now in November the cash balance is likely around $30M. It is going to be a big ask to turn this around, they need to double their revenue (and keep costs the same) or halve their costs just to break even.
As for net assets, I note that $12M of this amount relates to PSD assets purchased last financial year so minimally written down at the time of this report. I expect they would only get cents in the dollar for most of what has been expensed at PSD.
That just leaves the potential takeover/sale angle. Nissui have first option on the Qld operations in the event that PSD does not proceed and they would be mad to make an offer while it is still trading at such a loss. Better to wait and see if they can get it to turn the corner and then make a move. It is unlikely that anyone with serious capital is interested in PSD (other than maybe existing board members). All IMO and DYOR

Expand

better chances refloating the Titanic

SFG Price at posting: 0.8¢ Sentiment: Hold Disclosure: Not Held
5 Upvote

1 Great analysis

Reply

Top Stories

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

There are more pages in this discussion • 1 more message in this thread...

First 5 Last

Add SFG (ASX) to my watchlist

(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $9.673M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$0	40

Buyers (Bids)

No.	Vol.	Price($)
36	101551149	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	5505802	9

View Market Depth

No.	Vol.	Price($)
36	101551149	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	5505802	9
0.003	12836172	16
0.004	9348175	21
0.005	1073569	9
0.006	968347	4

Last trade - 10.09am 15/11/2024 (20 minute delay)

SFG (ASX) Chart

SPONSORED BY