Forum Topics MPA MPA Positive EBITDA

Pinned straw:

mushroompanda
Added 2 years ago

Definitely heading in the right direction.

The thing giving me pause at the moment is the likelihood of an imminent cap raise. EBITDA neural probably still means burning close to -$2m a year. $3m in the bank at June 30.

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Wini
Added 2 years ago

An unaudited trading update a week or two before the formal 4C? I suspect you are right @mushroompanda

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UlladullaDave
Added 2 years ago

For a single month, not the quarter and without telling us where revenue and cf landed. It feels very much like they're about to drop a CR.

I think it's too early to really know how this business goes. They bought a bunch of businesses in a very crowded sector in a retail boom. There are some very well funded companies in the pet space. I am not sure I want to be the undercapitalised microcap as the sector consolidates.

I think they will find it quite difficult to get top line growth and be cf+. There's no really compelling reason to be in the stock is my tl;dr I guess.

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