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16.0¢ evz limited

Great 6 months, but one swallow does not make a summer, page-2

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Tex200

45 Posts.

1

02/07/17

16:06

Post #: 25615446
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Originally posted by wgly ↑

The Board and Senior management have delivered a strong 6 months, including:

Achieved Practical Completion on the 8MW Trigeneration Plant at Melbourne Airport - tick
Worked with CBA to reduce bank debt from $13.2 million down to $6 million. Last FY interest costs were $1.55 million so these should reduce substantially over the next 6 months
Equity raising which will reduce debt to their suppliers (trade payables) by $3.8 million. This would be an anchor on the business with suppliers restricting their purchasing activities - the CFO would be juggling payments to keep the business going. I am also hoping that with the Melbourne Airport completion, payments from this client would further reduce trade payables
However revenue will be down YoY by 18-20%, it will be interesting to see how they managed costs in a declining revenue business.

So with the annual report due in late August, there are a few metrics I will be checking - NPAT compared to LY (I am expecting a smaller loss), any significant new wins, and current liabilities.

As a LT shareholder, they need to repeat their progress for 12-18 months before investors believe the worst is over.

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Very true. However, it is mildly encouraging to have thorny investment group also sharing this period of uncertainty.

EVZ Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
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