I'm a big fan of this stock too Tcruicks but we need to stick to the facts.
Take another look at the cash flow statement for the half year. Cash flow definitely not positive. I expect it to be temporary, but it is negative this half none the less.
Secondly, under Cash Flows from Financing Activities there is $23.63 million under Proceeds from Borrowings. This suggests to me that the company is no longer debt free either. Again, I expect it to be temporary, but it is still there now.
valuation, page-4
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MCE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
26.0¢ |
Change
-0.005(1.89%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 26.0¢ | $78.45K | 298.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13797 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 9150 | 1 |
View Market Depth
| Last trade - 15.52pm 27/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
