SIT

0.00%

0.2¢ site group international limited

Ann: Second Earn Out Payment from Asset Sale Agreement, page-4

First 4 Last

Share
Profile

Follow
Recherche

3,065 Posts.

210

21/12/23

10:49

Post #: 71565074
Share

Originally posted by SteveSage: ↑

Manage to watch the investor briefing video now posted on the SITE website.

A few takeaways:
- still no hard numbers for FY24 but broad picture given for FY25 (revenues >$25m and return to pre-covid times)
- FY24 aiming to be cashflow positive although not clear if that includes the ~1.1m received from this earnout or whether that is based on operations
- FY25 expect to be profitable as they have taken out costs & a decent share of revenues coming from international (I'm interpreting Saudi Arabia) so margins should be better
- Clark property being assessed for rezoning which would mean a significant revaluation (currently valued in low 20s with SIT owning ~38%).....did not quantify what this would mean apart from saying current zoning for a 2 story building and the new zoning would be for a ~20 story building. Apparently there will (might?) be an update in 1Q next year but Vernon gave no commitment to any dates/timelines/valuation

Still no hard numbers for FY24 or even guidance for 1H24 vs 2H24 to manage market expectations which is poor and the lack of any presentation material (or even updating the preso they did in April23) seems rather poor (lazy!!).

Reach Markets which hosted the briefing is a paid service (paid for by the company ....so us shareholders), and it was rather poor IMO.....not sure who scripted the whole thing, but it felt quite artificial and no challenge on anything.....there were some questions from viewers at the end where most of the above takeaways came from hence my view that Reach is a waste of money (there is a forum called Coffee Microcaps where CEOs pitch to investors what their company does and that IMO would be a better forum/platform and not to mention it is free.....but would involve Vernon or someone at the company doing some work in putting together a presentation that will better inform shareholders)

Expand

Agree with all the Steve Sage comments
What is there to fear from great clarity and transparency

I also look forward to a fully costed professional presentation
Including new shareholders and backers

Currently a very illiquid stock in terms of participating market support
What is the cash flow really looking like at the bank ?????

Best Regards, Recherche

SIT Price at posting: 0.2¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

VUL

Vulcan appoints investment bank and M&A veteran to board

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

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

First 4 Last

Add SIT (ASX) to my watchlist

(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $5.204M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
6	7831892	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	30581278	13

View Market Depth

No.	Vol.	Price($)
6	7831892	0.002
17	69654317	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	17224916	11
0.004	12190832	6
0.005	4735000	5
0.006	663333	3
0.007	3246667	3

Last trade - 16.12pm 13/09/2024 (20 minute delay)

SIT (ASX) Chart

Day chart unavailable

Ann: Second Earn Out Payment from Asset Sale Agreement, page-4

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Vulcan appoints investment bank and M&A veteran to board

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Utah authorities sign off on Anson's lithium extraction plans at Green River

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Second Earn Out Payment from Asset Sale Agreement, page-4

Top Stories

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Vulcan appoints investment bank and M&A veteran to board

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Utah authorities sign off on Anson's lithium extraction plans at Green River

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News