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Well done Steve Schapera, page-111

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iceman.11

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10/04/18

08:34

Post #: 32336341
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Originally posted by elzephyrus ↑

Adding to that, regarding cashflow.. In the December quarter OBJ would have been cashflow positive if not for the late payment of $300k by P&G. Obviously, that includes R&D rebate, but as they always receive a high level of rebate once per year, then moving forward (without any growth) I'd expect at least 1 cashflow positive quarter this year.. The other quarters at worst would be around $500k net outflow, but as we've seen with Olay (especially) & SK2 ramping up, I'd say maybe max $300-400k outflow for each of the other 3 quarters. So, with nearly $5m in the bank, even with new staff & directors, I doubt they'll need to raise capital any time soon. They are still in R&D stage for the other product lines.. And if they do get traction with some new willing partners, my guess is that the share price will rise again before any chance of a capital injection.

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Hi e, your thoughts mate on this; worst case scenario, if they need to ‘go it alone’ on the BG and or SH and need to contribute funds to this development?

Whether the market is anticipating this or not I wouldn’t know but it could be a relevant query.

Cheers.

OBJ Price at posting: 2.8¢ Sentiment: None Disclosure: Held
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