RFX 17.0% 11.0¢ redflow limited

Gross Margin positive and Cashflow positive are not the same...

  1. 221 Posts.
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    Gross Margin positive and Cashflow positive are not the same thing but in Redflows case there's not a huge difference between the two. I did a back of the envelope calculation - the estimated cash outflow for the March 2019 quarter was $4.13m. If they sold and received 3 months at 130 units per month at $US7k, that's about $3.8m of cash coming in. 

    Of course it's an unknown time until they sell and receive payment for at least 130/month - so the cash balance is going to decline and require an additional capital raising. No doubt their broker Morgans is lurking ready to undertake a capital raising if asked, but it remains to be seen if they can source the funding required from somewhere else (Clean Energy Council, China, an energy company ? etc). If a capital raising and the issue of new shares it remains to be seen if its completed as a rights issue or placement. A  lot can happen and the price at which it happens will depend upon the progress of sales. It all comes down to selling the product now.
 
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Last
11.0¢
Change
0.016(17.0%)
Mkt cap ! $29.07M
Open High Low Value Volume
10.0¢ 12.0¢ 10.0¢ $183.8K 1.659M

Buyers (Bids)

No. Vol. Price($)
1 10000 10.5¢
 

Sellers (Offers)

Price($) Vol. No.
11.0¢ 15614 2
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Last trade - 16.10pm 02/07/2024 (20 minute delay) ?
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