Sprintex Limited

ASX:SIX

Sprintex Limited

ASX:SIX
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$0.062 (-7.5%)
Last close price
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Forum Topics SIX SIX Risks

Pinned straw:
edgescape
Added 2 months ago

I have had quick look at Sprintex and some of the videos of their compressors and airflow technology look promising

My main concern is that the assets < liabilities. But I haven't gone deep enough into their borrowings.

Cash is only 1.9m

Not sure if anyone else has had a look here. Would be good to get some views.
edgescape
Added 2 months ago

Guess many are steering clear due to the asset liability imbalance.

I can say that this is due to a 3c convertible note on the books.

I've taken a risk at 5.5c. Management has put some lofty performance targets which piqued my interest. Looks cheap now if they can achieve the market cap target

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