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5.4¢ envirosuite limited

If the cash flow is or will be positive in next 12 month, I...

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Sky3g

66 Posts.

12/08/18

01:06

Post #: 34880163
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Originally posted by jaluma ↑

CEO stated that the $6m target is a 'stretch' target, which wasn't how it was worded in the ASX announcements.

Appreciate you have to set internal goals that aren't easy, but no need to share them with the market, I am not a fan of that approach personally as you can disappoint the market easily, I would prefer they underpromised and overdelivered.

Also confirmed that they won't be cashflow positive in next 12 months, timeline for this is likely 18 - 24 months and like most companies I am sure it will take longer than expected.

So the cash balance at the half-yearly becomes crucial, as they will definitely need to raise funds at some point.

See the Strawman podcast if you want to listen.

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If the cash flow is or will be positive in next 12 month, I guess you have to pay at least 20 cents per share.

EVS Price at posting: 9.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.4¢		Change 0.001(1.89%)		Mkt cap ! $99.87M

Open	High	Low	Value	Volume
5.6¢	5.6¢	5.4¢	$29.12K	535.7K

Buyers (Bids)

No.	Vol.	Price($)
1	63039	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	11907	1

View Market Depth

No.	Vol.	Price($)
2	31009	0.160
1	74247	0.155
10	742532	0.150
7	544595	0.145
4	319049	0.140

Price($)	Vol.	No.
0.165	126720	2
0.170	625000	3
0.175	120000	1
0.180	68832	2
0.185	140908	2

Last trade - 16.10pm 25/11/2024 (20 minute delay)

EVS (ASX) Chart