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21.0¢ amaysim australia limited

Thanks for the info. I didn't realize I said 'very negative'...

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19/02/16

14:44

Post #: 17066099
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Originally posted by goosmurf ↑

I have no angle and I'm not making any of those numbers up. They are all collated from public information. I post them here only to ask if I am missing something!

AYS has never had any debt since IPO. But the vast majority of the $207m raised was used to pay the vendors ($194.2m). Leaving Amaysim with not much cash in the bank.

That wasn't a problem if Amaysim had simply continued operating as is. For FY15 they generated $18m in free cash. But they went and bought Vaya which requires total outgoing cash of $55m.

Borrowing a small amount like $5-10m is not a big deal. In theory Amaysim could pay that off within a year or two.

The risk is that all of this assumes business as usual and the market is very competitive right now so there's not a lot of predictability.

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Thanks for the info. I didn't realize I said 'very negative' meant to say a 'bit negative' but I appreciate your posts not trying to have a go at you and I respect the need to focus on negatives and positives I just feel Vaya was a low risk, low debt deal. From memory AYS has little debt, I did not know the figures off hand so cheers.

The bots are in full swing.

AYS Price at posting: $1.51 Sentiment: Buy Disclosure: Held
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