PNV

1.45%

$2.04 polynovo limited

Whats the point of going on and on about it here?Why dont you...

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lattelarry

1,244 Posts.

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24/10/23

09:30

Post #: 70498223
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Originally posted by tlin6: ↑

not sure what steady rising cashflow being referred to but cashflow from operations went from negative $2m to negative $6.6m.

there are various reasons for a new facility which has been known as far back as 2019 when the site was acquired - R&D center is definitely needed and they also want to build out facilities for the various new products. There are always "efficiencies" in building larger and yes there are configurations where you can't so smaller but that's clearly not the case here. no one ever talked about building 5 small facilities in various locations. modular means you can add to existing facility - which they are partially doing with machines.

2x build cost might have been raised but a good portion of that is also for permanent operation expansion.

the point is they are spending like a big established international, all at once aiming for an exponentially larger business by putting the finger everywhere. With actual revenue currently a tenth of planned capacity (and no they are not actually at $100m only on track to do so) and there being a 9-12 month lag for revenue - it IS go for broke.

sure there is a chance they get it done but there are also lower risk ways to do it. all this high risk play is why share price has been performing the way it is and will continue to do so until next year. all it takes is a revenue hiccup (even just delays) and shareholders are saddled with high cost non-performing business.

everyone in wait and see mode. don't even see any snipers, rock throwers or management buying here, the rock throwers can only say need to be patient long term investor - which is such an easy and obvious thing to say that it's not worth saying at all.

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Whats the point of going on and on about it here?
Why dont you give DW a call or email and let us know what he says - or put it to the board on 3/11

PNV Price at posting: $1.16 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.04		Change -0.030(1.45%)		Mkt cap ! $1.409B

Open	High	Low	Value	Volume
$2.09	$2.11	$2.03	$1.727M	838.3K

Buyers (Bids)

No.	Vol.	Price($)
5	299194	$2.02

Sellers (Offers)

Price($)	Vol.	No.
$2.04	1559	1

View Market Depth

No.	Vol.	Price($)
5	299194	2.020
4	11182	2.010
9	86240	2.000
1	1500	1.995
2	2005	1.990

Price($)	Vol.	No.
2.040	1559	1
2.050	5436	2
2.060	4936	1
2.070	25500	2
2.100	10972	2

Last trade - 16.10pm 15/11/2024 (20 minute delay)

PNV (ASX) Chart

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