I think there is an overly negative tone here which is fair enough with the SP where it is.
The financials however to me look ok for the following reasons:
They have been cash flow positive on operations the last 2 quarters, this quarter should be cash flow positive as well.
Looking at the cash flow on operations for 2016, the improvement from 2015 is good (-$3m to -$1.8m)
Also the receipts from customers ($21m) and payments to suppliers ($19m) in 2016 is quite close in number which bodes well for the future IMO.
They have $6m in cash and another $6m in receivables compared to about $9m in current debt.
So talk of them going under is fanciful.
Kenneth and Mark have solid resumes. I will bank on them to deliver long-term. I wish I had held off buying at 10c but I don't think it will be at this level once the quarterly is released at the end of next month.
And in case anyone is wondering, I am not affiliated with TZL in anyway.
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Change
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Mkt cap ! $5.135M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 0.024 |
3 | 15000 | 0.022 |
1 | 278000 | 0.018 |
1 | 128888 | 0.008 |
1 | 100000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 50000 | 1 |
0.031 | 195000 | 1 |
0.032 | 240000 | 1 |
0.033 | 24575 | 1 |
0.036 | 400000 | 1 |
Last trade - 19.00pm 29/03/2024 (20 minute delay) ? |
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