You’re right mate But what you’re really saying is If a team was...

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Send2deking

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15/06/19

14:15

Post #: 39074395
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Originally posted by retiredyoung ↑

Millions in expenses have been cut or moved to 'corporate', so breaking even is no longer the same as what was implied last year. In my opinion stating that buddy ohm and managed services businesses will break even is the CEO trying to save face. In my opinion it would have been many years before the old business was able to 'beak even', even with significant cost cutting.

Ohm is now a very small contributor to the revenue of the business (probably approximately 1%) and that percentage is going to stay low.

In my opinion Lifx will need to be very successful for BUD to become profitable. Going forward, BUD probably has approximately $3m in interest payments, something like $3m in corporate expenses, $0.5m D&A and probably a few million in share based payments. Meaning Lifx will need EBITDA of more than $8m for the group to be profitable for a whole year.

Remember if BUD is profitable in the Dec qtr and only the Dec qtr the following statement is achieved, they are not saying that they will be profitable for the whole of CY19 and they are not stating that they will be profitable in Mar qtr 2020 or June qtr 2020 etc:

1) Achieve Buddy Group (ie: Buddy Ohm, Buddy Cloud, LIFX) profitability "by" end of CY19

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You’re right mate
But what you’re really saying is
If a team was rubbish and they spent a lot of money on a goal scorer
Their goals should only be worth half
And the points the team achieve, they should be halved

All due to them bringing in a better quality of player to win games

You’re effectively saying we’re not happy because they spent millions to ensure they win and make it a game changer!

The games changed mate
You’ve got to now role with the team which is available to pick up points for the club

LIFX is BUD’s star goal scorer to get points and win the league!

It is what it is and LIFX is the star! ⭐️

Last edited by Send2deking: 15/06/19

BUD Price at posting: 5.1¢ Sentiment: Hold Disclosure: Held
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