There does not appear to be a lazylarry anymore :-)0
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Let's try and guess the announcement :
1. We have reviewed our balance sheet and disagree with commentators on Sharetrader that our asset values are inflated. In fact, we are revaluing our assets up by 15%.
2. We have signed with a partner whose name will remain secret at this stage. The partner is going to triple our revenue in the next 2 years.
3. A bigger balance sheet due to 1 needs a bigger capital base. Likewise, more capital is required to fund the working capital needs of a tripling of revenues in the next 2 years.
4. Accordingly, directors are extremely pleased to announce a bonus issue as well as a capital raising.
Maybe they will announce a licensing tie-in with the Star Trek franchise to capitalise on their recent successes in the space sector and the new Star Trek title Into Darkness seems apt. Last one out turn off the lights.
*Skips straight to NTA*
See they say they still have NTA of 0.69 per share. They did put through a impairment charge in the current year, but this was on Goodwill. There was also a slight writedown of inventory, $4m worth on $46m of inventory.
Their gross margin has decreased 19.6% to 23.5%, and with that sort of low margin when they turn over inventory every 129 days, that margin is just not good enough to sustain that sort of poor turnover.
love it .... ebitda (before a lot of other stuff) of $5m odd .... but $4m from associates and JV
Doesn't seem to leave much from what they do every day
"The Group's management awards qualifying employees bonuses in the form of share options and conditional rights to redeemable ordinary shares, from time to time, on a discretionary basis"
If I were an employee, I don't think I would want to take up any share options!! Having said that, 7000% growth in profit is quite remarkable actually - only that it's going the other way