TSN 0.00% 1.0¢ the sustainable nutrition group ltd

Earnings in Q3 FY20

  1. 691 Posts.
    lightbulb Created with Sketch. 160
    Anyone have any idea if we had an improvement in revenue in the Jan-March quarter that just closed?

    We had $3.5m in the bank at Dec31 with $1.6m worth of unpaid debt. So a net position of $1.9m. We were also predicted to burn about $1m per quarter. So we should have around a $0.9m net position now.

    Now we have a market cap of around $3.6m which puts the company enterprise value at around $2.7m.

    Still seems generous for a company which is laden with debt, has minimal growth and no assets.

    Is it best we search for a new RTO opportunity and start again?
 
watchlist Created with Sketch. Add TSN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.