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

SCT

Click for more information

0.00%

0.7¢ scout security limited

For a company that says they will be breakeven for cashflow at...

First 3 Last

Share
Profile

Follow
chadhuncho

788 Posts.

95

30/05/22

10:39

Post #: 61697664
Share

Originally posted by milesy: ↑

Now that is desperation.

Cash flow so tight they need to borrow $350K in advance of a government rebate that they should (hopefully) receive in 9-12 months time.

The only positive I guess is that those connected to the business were the ones who stumped up the money. That means they must have some faith that money will be repaid through the grant, not necessarily that the business will be profitable enough to pay. It may also mean, despite painting a pretty picture, that it was the only source of finance left available to them.

However it does highlight how tight things must be for the company.

I am surprised they don't remove themselves from the ASX and go back to being a private company.

Anyway. Just my opinions again on a company that has really struggled to commercialise its products despite having been trying to do so for a number of years now.

Milesy

Expand

For a company that says they will be breakeven for cashflow at the end of 2022, this seems like they are needing an immediate injection, and for what? Was the 400k facility not enough?

SCT Price at posting: 3.3¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

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

First 3 Last

Add SCT (ASX) to my watchlist

SPONSORED BY