That is a great point. He must be banking on the fact they will be cash flow positive, and if they remain on that trajectory then they might take out a debt facility to cover the short term challenges, before being a much larger fit out.
There is nothing currently in the market that indicates this business can not be a $100m USD sales company by 2026 with the current growth rates, which would make it very attractive on the current market cap valuations.
Agree with you, it's a big couple of months for the business as we lead into December 2024.
Bell Potter fined in 2017 for price manipulation, page-35
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Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $72.92M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 25.0¢ | $44.15K | 172.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39314 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 1 | 1 |
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| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
25.0¢ |
Change
-0.010 ( 5.66 %) |
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| Open | High | Low | Volume | ||
| 29.5¢ | 29.5¢ | 25.0¢ | 81883 | ||
| Last updated 15.46pm 23/05/2024 ? | |||||
| NXS (ASX) Chart |