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22/02/21
12:04
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Originally posted by Equitable:
↑ It has only just now come to my attention but late last month (28 January) Euroz released another update on Yojee. It raised its price target to 50 cents. The main points in its note include: "The company continued to make strong operational progress during the Q" "We broadly remain pleased with the companies (sic) progress on rollouts during the Q in addition to receiving the Indonesia expansion order from an existing client." "...we would have liked to have seen more QoQ growth in volumes and revenues..." but that "volumes were further impacted (particularly in the Philippines) by unprecedented weather events and COVID-19 lockdowns". "....going forward we look towards significant transaction volume growth in coming quarters from recent and coming rollouts." "The business remains well funded for growth, boasting a solid balance sheet." "YOJs recent agreements show growing demand for the platform, securing agreements with three major global logistics companies who have $100 billion in combined revenues." Time will tell. We just need to sit back and watch what eventuates. GLTAH and DYOR!
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An example of a solid balance sheet Guess whoBalance Sheet Total Debt (m) Long Term Debt (m) Shareholders Equity (m) Preferred Stock (m) $0.75 ($0.00 Interest) $0.02 (0% of capital) $9.15 (100% of capital) $0.00 TYPE 2018 2019 2020 Cash Assets ($) 2,039,000 3,406,000 4,317,000 Receivables ($) 181,000 95,400 172,200 Inventories ($) 0 0 0 Other Current Assets ($) 30,000 40,000 40,000 Total Current Assets ($) 2,310,000 3,570,000 4,550,000 Accounts Payable ($) 624,500 261,200 199,900 Due to Banks ($) 0 0 170,300 Other Current Liabilities ($) 0 320,000 280,000 Total Current Liabilities ($) 640,000 670,000 750,000 Total Liabilities ($) 640,000 670,000 750,000