Thanks @GrowingSlowAndFast
The market is a bit sketchy at the moment, but I feel VNL is a company prudent with expenditure and on top of cashflows / funding requirements.
It has been a while and many changes to the business have occurred, but I recall Beth stated annual overheads were approx $2.8mil. A source (maybe more sources).
https://hotcopper.com.au/threads/ann-quarterly-activities-appendix-4c-cash-flow-report.7000579/
Vinyl could stop spending, and run the existing business as lean as possible to become cashflow positive. Vinyl.com alone, an ecommerce site, could be cashflow positive / profitable like other similar websites (but just a ecommerce site). I'd prefer them to continue as they are, spending / investing, and become a giant in the industry via successful verticals, which is what their announcements suggest is the mission here. My view is there will be a point where organic growth surprises us all, as a result of the synergies we have. Short term cashflows can appear not so great when a company is expanding/growing like VNL. They are making clever moves that should pay dividends in the future.
I think VNL is fortunate to have a classy management and investors, very savvy / experienced with the strategy employed, and they should shoot for the stars, not settle to be a minnow that is cashflow positive. They are performing a master class IMO. I think all investors including yourself would feel the same, but understand the short term cash burn may distract with the progress we are seeing.
I hope that helps explain my previous comments, apologies if they came across as rude. Cheers.
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Thanks @GrowingSlowAndFastThe market is a bit sketchy at the...
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Last
10.0¢ |
Change
0.005(5.26%) |
Mkt cap ! $101.0M |
Open | High | Low | Value | Volume |
10.0¢ | 11.0¢ | 10.0¢ | $86.29K | 849.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 9999 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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10.5¢ | 150000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 9999 | 0.100 |
1 | 15000 | 0.099 |
1 | 15000 | 0.097 |
2 | 230000 | 0.095 |
1 | 10000 | 0.091 |
Price($) | Vol. | No. |
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0.105 | 150000 | 1 |
0.110 | 182259 | 3 |
0.115 | 231513 | 2 |
0.120 | 469571 | 2 |
0.125 | 55000 | 2 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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