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Fundamentals, page-2

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willbio

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10/08/19

05:55

Post #: 39948637
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Originally posted by anycat: ↑

So there's a pretty active tech trading thread going on but no fundamentals chat happening. Think its hard to have a proper technicals discussion when we are at low volumes here.
The SP fell from 1.30 to 0.8 following the June transformation update. Okay fair enough. stock isn't moving enough for some active traders to be happy with and can move their capital to gold stocks etc. Also Larry had to sell some shares to short cover his loan which inadvertently caused a SP fall and for him to sell more shares to top up his loan. Fair enough. Its not hard to move the SP when you're the only trader with no volume selling at market price. Being a NED and high profile doesn't help.

ARQ have since received a strong cash injection from the sale of their non core third party registry services co and their debt is all long term. 5x EBITDA would have been a nicer number for an extra few mil but that's neither here nor there. We are simplifying the business and cutting costs.
Balance sheet also doesn't look as bad given revenue received in advance and measured as a current liab.

HY results to be release soon and i'm expecting some positive turnaround from their transformation strategies. Also the FY18 results show 15m in non cash writedowns and 4.3m in finance costs. Finance costs will drop thanks to the sale proceeds going to debt and non cash writedowns? exactly that non cash.
Looking forward to a +ve first half NPAT back this August.

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- Trading at less than half of book value
- EBITDA $22-25m which is even competitive with some of the bigger companies in the space
- Market cap of $75M
- So EBITDA/MKT CAP ratio is 1/3 which is unheard of for software & services companies
- Debt level manageable and reducing

ARQ Price at posting: 61.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 14.5¢		Change 0.000(0.00%)		Mkt cap ! $44.26M

Open	High	Low	Value	Volume
15.0¢	15.0¢	14.5¢	$16.38K	109.4K

Buyers (Bids)

No.	Vol.	Price($)
6	1394341	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.0¢	1853961	28

View Market Depth

No.	Vol.	Price($)
6	1394341	0.145
12	3767953	0.140
12	707735	0.135
2	500025	0.130
1	250000	0.125

Price($)	Vol.	No.
0.150	990242	25
0.155	1898525	18
0.160	351210	7
0.165	198402	5
0.170	25000	1

Last trade - 13.34pm 04/10/2024 (20 minute delay)

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Fundamentals, page-2

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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Fundamentals, page-2

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

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Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News