FLC fluence corporation limited
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Hi EB,Could well be. GC could have stipulated that FLC increase...

  1. ywtoh
    1,934 Posts.
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    16/10/19
    15:12
    Post #: 40912235
    Hi EB,

    Could well be. GC could have stipulated that FLC increase their issued capital (as of 2018's AR:A$51m. 2017: A$103m) in relation to the size of their order book of est A$250m before they extend any more loans. Not an unreasonable request.

    https://hotcopper.com.au/data/attachments/1773/1773851-ab8a761b67cd72094d1bdef94229f843.jpg


    Add this to their current size of order book, 2020's orders from Smart Packaging is going to stretch their balance sheet further if they need to build another factory line. I believe that will cost US$7m from memory. At the rate they are growing as Henry said, get ready for ONE more CR in addition to this current one. That's IMO.
    FLC Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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