CM8 5.41% 3.5¢ crowd media holdings limited

Ann: Completion of $5.4 million share placement, page-19

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  1. 19,194 Posts.
    lightbulb Created with Sketch. 598
    I think the market had time to buy at 12-12.5c prior to this...before the Instos.

    April 10th pressy: H2-FY17 OUTLOOK Crowd Mobile expects an increase in all key financial metrics: Revenue, EBITDA, NPAT and Operating Cashflow, compared to H1-FY17.

    Some clues from todays announcement....

    "The Company’s net debt is expected to be approximately $3.4m once the Placement is completed."

    Total Debt end 2016: Dec-16 Debt totals $15,379,586
    -Cash $4,644,201
    Net Debt $10,735,385

    -$5,200,000 Cash (say net after fees) from CR

    Net Debt $5,535,385

    Cash increase Q3 = + $2,135,385


    NOTE: They also have approx $5m in NET receivables vs payables. (another nice buffer) not used in Net Debt calcs.
    Last edited by Sector: 20/04/17
 
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