it will be interesting to see the quarterly-that's for sure
Last profitable quarter wasn't as presented to the ASX.You are taliking about the sales presentation(sales above breakeven for the business unit)before deductaable allowances.NOT A PROFIT.corporate costs were not included there,nor interest,nor anything else,or that $50k one off expense.It was EBITDA.Sometimes those one-offs become pretty regular.
yes,i doubt anymore fundraising from shareholders.They were a bit disenchanted before the current shareprice boost.So would not have been happy with the last proposed growth purchase and share dilution.I do note the last fundraising was still kept to keep the company going,rather than proceed.
As for increasing sales,longterm holders will be aware,inter company sales did not appear to be split out of the accounts,over the last few years.So supply of components to be manufactured to get finished product were sales as well as the finished products,using those sold components.Having your cake and eating it.(double dipping)Making it look good.
Hopefully with this new management that will be deducted and give true sales volume(value) figures.Then again they ALREADY HAD the iv consumeables contract in NSW and VIC for 3yrs,so this new contract,is no more than ensuring the tenderer,can ensure compatabale supply for their equipment by the current contract holder. The bonus is i see if this equipment supplier is able to get their equipment,into other state contracts in aussie,then Mla may be able to have a lead into contracts there.
either way,thanks to the shareprice rise(thanks punters and jumpers),these remaining shares owe me nothing.Even if they fall to origional levels i'm still ahead.
MLA Price at posting:
29.0¢ Sentiment: None Disclosure: Held
