@taboon
There is negative working capital and revenue is recognised conservatively- this can be seen in the large excess in cash receipts compared to revenue recognised. The consequence is that they have to be significantly cashflow positive before profitable in the statement of income.
They were cashflow positive in the last quarter and will almost certainly be so again in the next quarter. If they are then cashflow positive the following quarter they will almost certainly be profitable next half or the following half.
I guess you need to understand the cash cycle in this business to see the investment case.
@taboon There is negative working capital and revenue is...
-
- There are more pages in this discussion • 7 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 FRX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.468M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1117000 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 561210 | 3 |
View Market Depth
| Last trade - 16.12pm 26/11/2024 (20 minute delay) ? |
| FRX (ASX) Chart |
Day chart unavailable
