ST1 3.85% 5.4¢ spirit technology solutions ltd

Ann: Spirit returns to profitability, page-9

  1. 112 Posts.
    lightbulb Created with Sketch. 30
    Not sure the price is going to get a full run. It's an underlying profit. It states an unaudited statutory loss of circa $8M. It is also stating that it has circa $13.5M earnout to pay, as well as a 70M shares to gives, as part of the earnout. There's only $15M available and they are burning cash... so a raise may be required.
    This needs another half to show the real story. Perhaps more
    The cybersecurity business was the hero and now it has posted a decline.

    Read the details, not the hype
 
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