TV2 has a mobile business now??
Let's get back to the facts (source = Simply Wall Street)
1. TV2 underperformed the Software industry which returned 2.9% over the past year.
2. TV2 underperformed the Market in Australia which returned -8.1% over the past year. TV2 return for 1 year was -70.6%.
3. TV2U International does not make a profit andthere is insufficient past data to establish if their 5 year on year earnings growth rate was positive. Unable to compare
4. TV2U International's 1-year earnings growth to the 5-year average as it is not currently profitable.
5. Unable to compare TV2U International's 1-year growth to the AU Software industry average as it is not currently profitable.
6. It is difficult to establish if TV2U International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
7. It is difficult to establish if TV2U International has efficiently used its assets last year compared to the AU Software industry average (Return on Assets) as it is loss-making.
8. It is difficult to establish if TV2U International improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
9. TV2U International's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
10. TV2U International has no long term commitments.
11. Low level of unsold assets.
12. TV2U International has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
13. TV2U International has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
14. Irrelevant to check if TV2U International's debt level has increased considering it has negative shareholder equity.
15. TV2U International has less than a year of cash runway based on current free cash flow.
16. TV2U International has less than a year of cash runway if free cash flow continues to grow at historical rates of 10.7% each year.
On the basis of those facts you want would 2019 to be looking very exceptional indeed. Surely - a CR can not be that far away now. The price of a CR would be interesting though - I am guessing maybe 0.003?
Enjoy your weekend
