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6.7¢ rpm automotive group limited

Ann: Trading Halt, page-66

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LD99

6,963 Posts.

1349

18/04/24

13:12

Post #: 73406756
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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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Deferred acquisition payment still there at 31/12/2023 champ

$41mill of intangibles gives the NTA of the company $7.4million

RPM Price at posting: 7.1¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 6.7¢		Change 0.002(3.08%)		Mkt cap ! $16.90M

Open	High	Low	Value	Volume
6.5¢	6.7¢	6.4¢	$47.9K	723.9K

Buyers (Bids)

No.	Vol.	Price($)
1	55775	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	21802	1

View Market Depth

No.	Vol.	Price($)
1	55775	0.065
1	202835	0.064
1	237726	0.063
1	160000	0.062
1	333222	0.061

Price($)	Vol.	No.
0.067	21802	1
0.068	16000	1
0.069	1800	1
0.070	106230	1
0.072	216858	1

Last trade - 16.10pm 19/06/2024 (20 minute delay)

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