"I think $60m ARR is by CY26 not FY26. Their cash balance was a big surprise today. I’ve now ruled out any cap raise or bank facility in the near-term."
Mmmm. As always, the devil is in the detail, so I'll reserve judgment on that only after I've had a look at the audited financial statements in a few weeks to see what's behind the seemingly strong cash flow in the JH2024.
My best guess is that it reflects, at least in part, a reversal of the significant increase in working capital that occurred during DH2023 (WC went from $0.33m @ 30 June 2023 to $2.91m @ 31 Dec 2023, a significant $2.6m jump... which went a long way to explaining why the Cash position declined by $3.7m during the first half).
So, while the cash balance being maintained over the past 6 months is obviously not a bad thing, I very much doubt the company is now no longer in capital consumption mode.
But while previously I had the odds of another capital raising at maybe 30% or 40% [*], the signs of good cost control (by deduction based on the latest Revenue and EBITDA update, there was no increase in the Operating Expense line in the second-half compared with the first half), now has me thinking that the probability is a lot lower (less than 10%).
[*] noting it would not need to be a very substantial one at all, maybe just $3m or $4m would get them through to comfortably self-sustaining state.
.
- Forums
- ASX - By Stock
- Ann: Unaudited FY24 results, strong cashflow & good FY25 outlook
"I think $60m ARR is by CY26 not FY26. Their cash balance was a...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BMT (ASX) to my watchlist
(20min delay)
|
|||||
Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $85.35M |
Open | High | Low | Value | Volume |
30.0¢ | 31.0¢ | 29.5¢ | $54.23K | 182.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 60285 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 60285 | 0.290 |
1 | 50000 | 0.285 |
2 | 53369 | 0.280 |
2 | 16370 | 0.270 |
3 | 23957 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 50000 | 1 |
0.310 | 76278 | 1 |
0.320 | 8200 | 2 |
0.325 | 118476 | 3 |
0.330 | 22500 | 1 |
Last trade - 15.29pm 13/09/2024 (20 minute delay) ? |
Featured News
BMT (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online