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16.0¢ evz limited

Very true. However, it is mildly encouraging to have thorny...

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Tex200

45 Posts.

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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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(20min delay)
Last 16.0¢		Change 0.015(10.3%)		Mkt cap ! $17.59M

Open	High	Low	Value	Volume
14.5¢	16.0¢	14.5¢	$10.48K	66.60K

Buyers (Bids)

No.	Vol.	Price($)
2	27694	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
18.0¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	16540	0.240
1	7000	0.235
1	10000	0.150
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.260	44000	2
0.270	32298	1
0.275	6051	1
0.280	1200	1
0.290	17913	1

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