I would agree in most other cases but not in ZNO case for the foreseeable future with their business model, there's simply no need for any additional cash & their first port of call would be the debt markets.
This is a business that is highly scaleable with minimal capital requirements, low overheads & has customers who pay in advance as part of their distribution terms.
The attitude that because they are listed & have acccess to capital markets that they will therefore have a CR irrespective of whether they need it is flawed.
They are generating cash & have over $3.3m+ in the bank.
With the margins ZNO generates they can buy inventory that they can turn into $10m+ of sales wiith that cash number.That would cover 75% of what I anticipate they will sell in FY21 ($13m).
The company would need to sign several agreements far bigger than they've ever signed before that transform the business to the next level & start giving out credit before they need extra cash let alone a CR.
And then there's the point that the CEO owns just over 50%. A CR to 3rd party investors would mean that not only would he be diluted but also he would no longer potentially be the majority shareholder.
I think ZNO will pay a dividend before doing a CR.
- Forums
- ASX - By Stock
- Zoono looking for a BDM in India
I would agree in most other cases but not in ZNO case for the...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZNO (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.7¢ |
Change
0.001(3.85%) |
Mkt cap ! $9.596M |
Open | High | Low | Value | Volume |
2.7¢ | 2.7¢ | 2.7¢ | $2.713K | 100.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 242508 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 428637 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 242508 | 0.026 |
2 | 179999 | 0.025 |
3 | 166720 | 0.024 |
2 | 77000 | 0.023 |
1 | 45450 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 51142 | 2 |
0.029 | 304864 | 1 |
0.030 | 868200 | 2 |
0.031 | 369295 | 2 |
0.033 | 200000 | 1 |
Last trade - 15.56pm 13/09/2024 (20 minute delay) ? |
Featured News
ZNO (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online