Financials �X Net cash position as at February 2011 was A$2.2m �X Cash burn - Cash burn in FY10 (y/e 30 June) of AU$3.8m �X FY10 result �V PYC reported a FY10 net loss of A$4.6m. Key items included revenue of A$0.4m, contract research costs of A$1.9m, and employee expenses of A$1.4m. Net operating cash outflow was A$3.6m and cash at 30 June was A$1.3m. �X 1H11 result �V PYC reported a 1H11 net loss of A$0.9m. Key items included revenue of A$1.7m, contract research costs of A$1.1m, and employee expenses of A$0.7m. Net operating cash outflow was A$1.5m and cash at 31 December was A$1.8m. PYC also has convertible notes that were issued at nil interest and mature on 30 April 2011. Previously the notes have been discounted at a rate of 10% pa to calculate fair value at each balance date. The notes are redeemable by the Company by payment of $1,7m, are convertible by noteholders before the maturity date at $0.05 per share or convert at maturity at $0.04 per share. Conversion at maturity would result in the issue of 33,500,000 shares or 10.6% of the issued capital after the conversion. �X Guidance �V PYC��s objective is to achieve cash sustainability in 2 years �X Capital Structure �V 283m Ordinary shares, 64m options and 1.3m convertible notes (convert to 27m shares).
PYC Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)