-
17-08-2018, 09:13 PM
#16541
Originally Posted by minimoke
Whats with this technical accounting term "back pay". Isnt it a debtor receivable?
Yes - they are technically receivables but Chris Gallagher said he used his "old fashion Dunedin terminology" when he termed them as "backpay". They have been kept as an off balance sheet asset since they changed their accounting standards to a cash basis instead of accrual earlier this year. This gives a much more transparent level of reporting while they wait for KP and CMS to officially come on the books. To me, this was a good move and, as the ODT reports, it will result in a large amount of revenue being recognised when they do.
-
19-08-2018, 05:57 PM
#16542
They seemed quietly confident that the lions share of the money from unpaid tests would roll in over time and save them from another cash-flow crisis. Just like every other year they suggested that it was just a matter of time until shareholders were in clover. They were talking about a price being set in November, but I'm not sure which tests that relates to.
-
20-08-2018, 11:06 AM
#16543
So PEB had approx. $18.5 mil at the end of March 18 and with a $1.0 mil cash burn per month we should have approx. $13.5 mil at the end of Aug, the " valley of death" current situation will be a very close event, will we or wont we need a cap raising this year. At present Mr Market is picking no !
-
20-08-2018, 12:46 PM
#16544
Reasonable volume this morning, are we over the worst ( NOT YET ! ).
-
20-08-2018, 05:15 PM
#16545
Highest price for 5 months, is the worst behind us ?
-
20-08-2018, 05:25 PM
#16546
Bejusus, over $100,000,000 in tax losses, once PEB gets things right these tax losses will last for a generation as will WDT's
-
20-08-2018, 05:34 PM
#16547
Originally Posted by whatsup
Bejusus, over $100,000,000 in tax losses, once PEB gets things right these tax losses will last for a generation as will WDT's
Accumulated losses are $120,119,000 plus some for last few months.
Just as well shareholders have pumped in $133m eh
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
20-08-2018, 05:46 PM
#16548
Originally Posted by whatsup
Bejusus, over $100,000,000 in tax losses, once PEB gets things right these tax losses will last for a generation as will WDT's
Might be worth a takeover just to buy them?
-
20-08-2018, 05:53 PM
#16549
Originally Posted by Timesurfer
Might be worth a takeover just to buy them?
That wont work unfortunately - continuity of shareholding rules apply if you want to maintain the ability to utilise tax losses.
Nice to see the SP slowly edging upwards though. Balance will be mortified - even though it's probably just underwriters acting in their own interests.
-
20-08-2018, 06:06 PM
#16550
Member
Originally Posted by whatsup
So PEB had approx. $18.5 mil at the end of March 18 and with a $1.0 mil cash burn per month we should have approx. $13.5 mil at the end of Aug, the " valley of death" current situation will be a very close event, will we or wont we need a cap raising this year. At present Mr Market is picking no !
My take from the annual meeting is that they will need to raise more cash.
I think the annual meeting and the recent announcements have shown that after years of snail paced progress the company is starting to achieve the things it has set out to do. The signing up of the DHB's in NZ and their willingness to use cxbladder shows there are no doubts about how good the technology is. If /when KP and CMS sign up in the US the success with the DHB's is likely to be translated into the US. Hence the market may be re rating the company. The Manchester placement well above the market price has no doubt helped plus revenue from the US should be helped by the fall in the NZ dollar.
If they do need to raise more cash I don't think it will be a problem.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks