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2.5¢ vivid technology limited

@Nano_Land : "My bet - a capital raise well before June-30."...

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17/06/18

13:06

Post #: 33764161
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Originally posted by Nano_Land ↑

In the short-term the quarterly cash receipts are clearly unsustainable driven by 1) Pre-payments in Q2 (and agree they should be disclosed) and 2) Receipt of work done in prior quarters in Q2 (remember receipts have been <$1m for the last 3-quarters, lower than the cost of goods!).

I have no idea what to expect in Q3 and Q4 from a receipts perspective but am working on $2m/quarter, which is likely to be aggressive.

Based on the disclosed cost base and no further R&D receipts the business will have ~$1.1-$1.3m in cash at June-30 (also assuming no further debt draw-down or repayment).

My bet - a capital raise well before June-30.

I like the thematic, but not the disclosure and lumpiness of cash receipts - looks fairly valued at $26m market cap for now.

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@Nano_Land : "My bet - a capital raise well before June-30."

You're cutting it close Mr Nano.

If you're wrong about the capital raise, perhaps your investment thesis is wrong as well?

VIV Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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