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40.0¢ medical developments international limited

Financials, page-34

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bubsmark

10,475 Posts.

564

21/08/17

15:52

Post #: 26638206
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Originally posted by ZMan ↑

Revenue and profit has to snowball to just to justify the current market price, as its currently on a PE over 160.

Results were disappointing imo.
Revenue from sale of goods only increased by 14%. See note 4a, calc as revenue minus discounts and claims.
Huge increase in discounts and claims, with no explaination.
Despite receiving over $7 mil from and upfront and milestone payments, company is almost out of cash and needs to organise a loan to continue operation.
Over $ 4 mil of expenses were capitalised against intangible assets and not booked against income. The company would show a big loss if these expenses were booked against income.
Cash receipts from customers was well below sales, even with receivables decreasing during the year. Not sure how this can happen, maybe due to the "upfront" payments .

Overall, the company consumed a large quantity of money during the year, and has so far showed little increase in sales as a result.

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But they stipulated that and there was a reference that mentioned that increased sales are expected...

MVP Price at posting: $5.11 Sentiment: Buy Disclosure: Held
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Last 40.0¢		Change -0.020(4.76%)		Mkt cap ! $34.52M

Open	High	Low	Value	Volume
41.5¢	42.5¢	40.0¢	$19.58K	48.35K

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No.	Vol.	Price($)
6	17465	40.0¢

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Price($)	Vol.	No.
42.0¢	3592	4

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No.	Vol.	Price($)
6	17465	0.400
2	10088	0.395
2	15843	0.390
8	86171	0.385
7	37269	0.380

Price($)	Vol.	No.
0.420	3592	4
0.425	4999	1
0.430	24599	3
0.440	15000	1
0.445	3750	1

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