Australia's largest stock trading and investment forum Australia's #1 stock forum

IRX

Click for more information

26.7%

3.8¢ inhalerx limited

IPO - Irexchange Limited, page-8

Currently unlisted. Proposed listing date: WITHDRAWN

First 8 Last

Share
Profile

Follow
Tahora

97 Posts.

11

01/02/19

17:30

Post #: 37303627
Share

Originally posted by Anton Chigurh: ↑

Haven't decided whether to bid yet but $11m cash receipts fy18 after only two years running and hundreds of sign-ons suggests a company with some proof of concept and not just the usual promise of huge revenue to come. Management looks very strong and again, not just in the usual way "A1 management team" is bandied around with rubbish specs and guys who achieved something 8-10 years ago are taking a NED role.

But you're also paying for that proof of concept and management team, with a starting ev of $60m. Burn rate is also likely to be high, which will be essential for them to expand the grocery business into other states (currently all revenue coming from just NSW/VIC), overseas expansion and move into pharmacy sector.

If they get continued traction, I could see the stock becoming a speculative growth favourite for instos that play in that sector, as they won't need to capture the Lion's share of the sector to see strong growth. Cash burn will be forgiven in the short to medium term if that growth is on display.

Leaning towards a half bid now and see how it opens.

Has anyone met with management?

Expand

huge loses. No revenue forecast. Retailers are opportunistic buyers. Where are the Founders?

IRX Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

1 Great analysis

Reply

Top Stories

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

HotCopper Highlights: Your most watched stocks for Week 46, 2024

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

There are more pages in this discussion • 13 more messages in this thread...

First 8 Last

Add IRX (ASX) to my watchlist