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6.4¢ rpm automotive group limited

Ann: Trading Halt, page-65

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GKeden

1,930 Posts.

107

18/04/24

13:10

Post #: 73406707
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Originally posted by GKeden: ↑

Hello. OK. Let's list the red flags more accuracy (rather than freak out to your generalisations hysteria):

1. $3,813,369 convertible note (plus interest) remaining from the 30/6/23 balance sheet

2. $4,756,633 deferred acquisition payment on the 30/6/23 balance (not detailed in the 31/12/23 balance sheet notes).

3. $4,248,872 in operating cashflow for 31/12/23, which was chewed up by payment for property, plant and equipment ($1,204,616); payment to acquired entities ($1,851,882); lease liabilities ($1,762,631) and finance ($235,408); repayment of borrowings ($1,083,097).

4. So, despite its positive operating cash flow (which we must assume is ongoing) and even the probably non-compulsory repayment of borrowings, the impression is RPM was not able to use operating cash to repay $2M for a convertible note and $2M CAPEX for new capital investment in a tyre recycling plant.

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Hello. Actually, the Deferred Acquisition Payments debt for 31/12/23 was $3,969,324. Therefore, the impression is $787,309 was paid (in either cash or shares) in the last half for deferred acquisition, i.e., possibly "earn outs".

Last edited by GKeden: 18/04/24

RPM Price at posting: 7.1¢ Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last 6.4¢		Change 0.000(0.00%)		Mkt cap ! $15.68M

Open	High	Low	Value	Volume
6.1¢	6.4¢	6.1¢	$4.297K	67.62K

Buyers (Bids)

No.	Vol.	Price($)
2	159786	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	309677	3

View Market Depth

No.	Vol.	Price($)
1	6550	0.062
2	36666	0.060
2	33898	0.059
1	17241	0.058
1	160000	0.057

Price($)	Vol.	No.
0.065	309677	3
0.068	36000	2
0.069	1800	1
0.070	106230	1
0.071	12000	1

Last trade - 13.47pm 05/06/2024 (20 minute delay)


Last 6.3¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
6.3¢	6.3¢		6.3¢	891
Last updated 12.52pm 05/06/2024 ?

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