Australia's largest stock trading and investment forum Australia's #1 stock forum

LAA

Click for more information

0.00%

5.9¢ latam autos limited

Ann: Appendix 4C - Quarterly-LAA.AX, page-8

First 8 Last

Share
Profile

Follow
Captain Goodvybes

2,269 Posts.

20

22/08/16

11:42

Post #: 18579120
Share

Originally posted by rugsta ↑

Hmm I read that quarter as -$3M+ cash of $12M. So I'd say a raising is very much on the cards pretty soon. Personally I was disappointed by this quarterly, was hoping for a closer to break even number but it seems not too much has happened in that regard over the past six months. That said revenues are up and I like the 10% improvement in dealerships using the platform.

As far as ICQ. When you look at the time they have been in market and their revenues.... I'm happy to be with LAA. Factor in the fact that every capital raise dilution its diluted even further by the requirement to have carsales keep their percentage holding and ICQ is not something I'd want to hold.

I'd do rather hope that the LAA management are not looking at ICQ and thinking they can live off CRs for the next x years. I'm only have so much patience.

Expand

My mistake - I subtracted receipts from cash outflow, when the cash outflow already had this accounted for.

$3m the burn rate gives 12 months

LAA Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WCN

White Cliff Minerals bags lucrative Canadian deposit at Rae Copper

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 3 more messages in this thread...

First 8 Last

Add LAA (ASX) to my watchlist