NOV 0.00% 3.2¢ novatti group limited

Actually further, further to my previous point: Estimated cash...

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  1. 4,317 Posts.
    lightbulb Created with Sketch. 82
    Actually further, further to my previous point:

    Estimated cash flows for the previous quarter were flagged at $18.5 mill in Jan Quarterly due to Flexipin for the most part - they came in at $14.5mill - $4 mill under budget (I am lazy rounding the numbers).

    They have been flagged at $11.5 mill for the following quarter.

    I have been over these reports lining them up a couple of times and can see no reason FA for the mild sell off on Friday - seems more technical and flushing out sellers at this next juncture.

    A few people may have been shaken out of their shares but volume was low...

    As I say - if they can get this up to say $16 mill (guess) with $11.5 mill cash out we could be looking at $4.5 mill free cashflow (IF they a) keep growing cash in which you would expect, and b) can control expenditure.

    I actually doubt they could quite do that but lets see...
    Last edited by Andrew1234: 28/04/18
 
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