the best post here in months. Cheers

First 884 Last

Share
Profile

Follow
Croactive

151 Posts.

44

24/02/22

18:45

Post #: 59802041
Share

Originally posted by Abdubul: ↑

Close. I would argue that no-one does. I’m including SPENDA’s management here.

The company’s lack of ability to articulate a clear strategic direction to investors is telling. We don’t know if the lending is a diversification of income streams, a side hustle or the main game and we don’t understand how it operates in relation to the core business. Or if it now is the core business. We don’t know how the company intends to grow over the next 5 years and where its priorities lie over this timeframe.

Quarter after quarter of negative jaws is not encouraging and not sustainable.

As an investor group we need to see these issues addressed in comms from the company. No yachts, no middle-manager corporate speak, no “nodes” and “value chains” and “verticals”, no hyperbolic promises. Just a clear understanding and direction to help those of us who can read a financial statement understand how the obvious structural issues within the company are being addressed and to what strategic end.

The incessant “we’re growing revenue” posts on here are meaningless out of context.

The “$100m DW is coming and we’ll make 19%” posts are fantasy. Please understand what a DW is. It’s money that SPX would have to borrow to then lend to what appear to be risky market segments. Who do you think would be keen to lend $100m unsecured to SPX right now based on its financial position? If such an investor could be found - what rate do you think they’d charge for the money? If you pay $20 for a shirt you can’t sell it at $15 and make a profit, regardless of sales volume.

No I don’t think AF is a fraud, nor do I think SPX is headed for bankruptcy. But immediate structural change needs to be made before it runs out of cash, OR the financials as a lagging indicator don’t reveal a more positive future picture - but this needs to be articulated to this nervous investor group in a clear and sober manner. As usual neither the trolls nor the blind optimists are adding any value.

Expand

the best post here in months. Cheers

SPX Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

HVN

Consumers holding back says Harvey Norman, as profit slumps 35% in FY24

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

There are more pages in this discussion • 14,576 more messages in this thread...

First 884 Last

Add SPX (ASX) to my watchlist

(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $38.92M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$32.14K	3.571M

Buyers (Bids)

No.	Vol.	Price($)
21	13622604	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	159717	1

View Market Depth

No.	Vol.	Price($)
21	13622604	0.008
15	8843997	0.007
7	6883500	0.006
3	960000	0.005
2	1750000	0.004

Price($)	Vol.	No.
0.009	159717	1
0.010	4161453	9
0.011	5957991	8
0.012	11791728	15
0.013	3137067	5

Last trade - 10.23am 30/08/2024 (20 minute delay)

SPX (ASX) Chart

the best post here in months. Cheers

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Lendlease sells off US east coast construction operations in latest global divestment push

Consumers holding back says Harvey Norman, as profit slumps 35% in FY24

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

the best post here in months. Cheers

Top Stories

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Lendlease sells off US east coast construction operations in latest global divestment push

Consumers holding back says Harvey Norman, as profit slumps 35% in FY24

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News