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i.e. A massively fudged accounting NPAT. They will need to...

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haro87

204 Posts.

31/08/17

12:16

Post #: 26894196
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Originally posted by Hjs Holdings ↑

If you strip out:

- revaluation increment
- depreciation
- amortisation
- 325k cash NR deposit
- tax benefit

And include cash finance expenses,

FY 17 loss is circa $2.55million.

It would be great to see the balance sheet strengthen over the next 24 months. The terms on the NeolCP loan will force this to happen to some extent.

Management are doing an exceptional job. This is a very well run business. 3-5 years required (Peter Lynch style).

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i.e. A massively fudged accounting NPAT. They will need to raise/draw down debt; they will run out of cash soon at this burn rate.

Don't know why people are getting excited... Cash is on the way out for most transactions (I buy stuff from the farmers markets using paywave) and no viable EFTPOS solution yet...

STL Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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