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$2.94 findi limited

Pretty sure they depreciation the machines over more than 3...

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woomp001

1,066 Posts.

139

04/12/23

20:21

Post #: 71266064
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Originally posted by gizard: ↑

Yes deprecation and finance costs are huge early in the life of each machine, when the machines are depreciated to 0 and the finance doesn't exist all those numbers turn into profit.

so for the first 3 or so years of each machine ebita is large, cash flow is large but profit is low as they are depreciated

for the next 7 to 10 years theres no depreciation, no finance and nearly all the ebita turns into profit

this will be a cash and profit cow

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Pretty sure they depreciation the machines over more than 3 years...

Probably worth double checking this very important point..

The only thing that really matters on this front however, is what is the difference between the accounting and real world depreciation rate...

Before investing serious money, I would want definitive metrics here...

FND Price at posting: $1.05 Sentiment: Buy Disclosure: Held
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Last $2.94		Change 0.050(1.73%)		Mkt cap ! $143.4M

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