SDV 0.85% 58.5¢ scidev ltd

Fadi, Cash flow was impacted by redundancy & other payments....

  1. 6,965 Posts.
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    Fadi,
    Cash flow was impacted by redundancy & other payments.
    Also perhaps CAPEX for the roll out of OptiFlox.
    SciDev was said to be profitable this quarter....Revenues circa $800Ks (INL share $404Ks)
    The old Intec needed $1m/quarter just to feed the "strong" team of 7 directors.
    Cost cutting is palpable.
    Directors were buying up to 0.011.....Insider buying usually precedes rerating by 6 to 12 months.
    Tread carefully ,though.....Plenty of keen sellers willing to dump this mutt.
 
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