Let’s have a quick look at some announcements from today.
Electro Optic Systems ASX:EOS
There are lot’s of moving parts with this one. The quarterly report is worth a read. Revenues are higher, debt has been reduced but positive cash flows remain elusive.
After a huge fall, the company is trying to pick itself up off the floor. Sadly, they do require the current conflicts in the world to continue for their shareholders to prosper.
Intelligent Monitoring Group ASX:IMB
https://intelligentmonitoringgroup.com/
Positive cash flows again. Some one-off acquisition costs are in there too which improves the result further if stripped out. There’s been a lot of announcements from this company lately so there are not a lot of surprises in these numbers.
The results need to continue to be good though as the number of shares on issue have increased substantially for this company in recent times.
The stock continues to recover well.
BSA ASX:BSA
Disappointing result for this company at first glance with the negative cash flow result. However, at closer inspection revenue and I note the $9M legal settlement is a one off though so that can and should be ignored.
Not a lot of cash there with some debt used and some debt up their sleeve. I wouldn’t be surprised to see a capital raise but I’d have to look more closely to firm up my view.
The company is positive overall and with the exclusion of the one-off legal expense, I can see why.
This is a recovery story with a lot of potential value still to be realised.
Medical Developments ASX:MVP
This company is once again asking investors to give them more money so they can set fire to it.
No comment required.
Develop Global ASX:DVP
Good to see a company that’s actually operating cash flow positive. Nevertheless, both receipts and cash flows are lower than last quarter. This result isn’t worth closer inspection at this time.
Of all the stocks covered today, this one has the largest short position at 2.3%.
Bannerman Energy ASX:BMN
Still digging around in the dirt for this Uranium stock. First revenues are not expected until 2027.
The Uranium trade was a good one for about 12 months. Not at the moment though.
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Announcements July 26