Forum Topics SIX SIX ASX Announcements

Pinned straw:

Added 2 months ago

Haven't had much time to put any thoughts as been busy with lots of things

Looked at the quarterly update today and nothing can explain the rise

Welcome to the world of small caps!

Only less than a quarter of cash and hardly any customer receipts

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But there are great expectations as you can see below

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On the subject of expectations, Sprintex does have a order to fill if the Mest Water trial passes

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Each unit will retail around 30000

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Mest water has reserved 400 units on expectation of future sales

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So lots of "pie in the sky" and "hero moment" stuff

I also checked the Mest Water website and there aren't much details of customers, only the technology

Everything in Dutch so I needed to translate the website. Not good when they don't have english version of the website.

In summary, despite the uptrend and potential of $20m revenue which is baked in the performance rights, the quarterly does not look promising and I still ask the question of not when but if anything will happen.

And with 3 years of promising revenue expectations and misses, questions still remain in my mind if this pivot from automotive superchargers to high performance motors/compressors is the right strategy.

[held]

edgescape
Added 2 months ago

Reading again and there is an expectation of up to 14m in the ntm for the g15 blower

Given the past misses by SIX I don't have high expectations this will be met despite the potential here.


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