JGL 0.00% 3.8¢ jackgreen limited

But...From the 4C statements Quarterly (All $ in...

  1. 330 Posts.
    But...


    From the 4C statements

    Quarterly (All $ in 000)

    Employees
    September...-1226
    December.....- 891
    March..........- 952
    June…………. -1071

    Running rate say -1000.

    Advertising and leases
    September...-745
    December.....-673
    March..........-460
    June………-1,199
    Running rate say -1000 up from -500 in May

    Net Customer Receipts (Customer receipts less other working capital, item 1.2(e) in the 4C
    September...+ 238
    December.....- 126
    March..........+ 947
    June…………-282

    This is obviously the big question mark.

    Yes, $15.9m receipts from customers, but outflow of $16.1!!!

    Can they recover the money their customers owe them? Or do they just keep growing working capital deficits as customer numbers grow?

    So, Running rate say + 300. (or worse)

    Therefore

    Running rate quarterly
    Employees ...........-1000
    Lease & Advert.... -1000
    Net Customers.....+ 300
    Interest..(new).......- 75

    Estimate burn rate -2375 per qtr

    Of the $2500 reported as cash, only 940k is available for the company – the rest is held in prudentials and receipts in their recent capital raising ($22k 16 June). See note 4 on page 5 of 4C.

    So 940k equals 5 weeks cash burn.

    f111
 
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