Management Resource Solu... Share Discussion Threads

[master rsi] 07/3/2019 12:22

re - I'm laughing

I am the one Laughing, as is going further down to reach the lows 4.10p of January 😂

[12bn] 07/3/2019 11:34

Steady buying,looking good for a big bounce.

[thehitman1] 07/3/2019 11:24

Truffle, you need to thank 12bn, not 12bm. 12bn is the one who is deceitful and spammed all tyresds with Mrs ramps.

[12bn] 07/3/2019 11:10

Triple bottom here,the weak holders have shaken out,time for a bounce.

[12bn] 07/3/2019 10:45

The rise will come,a p/e of 2 is just too low and the share price is only this low due to a couple of big sellers who will have to stop at some point. News is due on the restructuring of debt by the end of this month.

[apfindley] 07/3/2019 10:26

Mind numbing watching this waiting for the rise that should of happened lol

[thehitman1] 07/3/2019 10:06

0.00000000012iq, lol.

[yourwrong] 07/3/2019 08:22

So apart for Uru, who else has sold this pile of....that shouldn't have done! Is it leon?
....sounds like the sweet honeymoon is well over.

[a_2_b] 07/3/2019 08:03

Totally pathetic

[thehitman1] 07/3/2019 07:56

Lol at master RSI, what a prat.

[apfindley] 07/3/2019 01:28

How does the market cap affect debt???Thats one of the most ridiculous statements I've heard in a very long time. Earnings are what determines how a debt can be repaid.Sorry, I cant even reply properly as I'm laughing so much at what you wrote.

[wooster4] 06/3/2019 21:02

master rsi - banking covenants will be based on ebitda not market cap (whichever way you want to twist it)

[mikro1] 06/3/2019 20:27

For what it's worth, I think this share price will re rate very soon. If capex reduces the free cash flow could clear the debt very quickly.

[master rsi] 06/3/2019 16:21

One can turn it and twisted the way you wanted..... but investors look at the DEBT being 160% above the market cap, therefore being a HIGH risk company, and especially now that growth on the Country almost like the rest of the WORLD is slowing down very heavily, so the future will not be so rosy as some are trying to portrait

[12bn] 06/3/2019 15:25

Well pointed out KingS but that does not suit Masters deramping agenda,he doesn't want fair comments like that to put off the sellers.

[king suarez] 06/3/2019 15:14

The relevant ratio is debt to EBITDA, not debt to market cap - and that is extremely healthy at about 1.5 indicating earnings are sufficient to pay off debt in approx 18 months should the company decide to pay down debt rather than spend on CAPEX.

Annual interest payments are more than several times covered by annual free cash flow - that much is evident from the interim accounts.

[master rsi] 06/3/2019 14:02

apfindley

re - Not sure why you're bringing debt up as a problem.

any company with 160% debt compare with Market cap if not address in time eventually goes Kaputt.

note:
current debt was over A$19.9M (£11.05 ) at the last account and the market cap is only £6.9M ( share price 4,35p ) meaning the company is in BIG trouble if it does not get that debt down.

[12bn] 06/3/2019 14:01

Buy in Master,you may not get a better buying op with news due in a few weeks.

[master rsi] 06/3/2019 13:50

People like to speculate

there is a thread for that ... MRS p/e of 2,a bid soon? - 12bn 31 Dec '18

[12bn] 06/3/2019 13:38

MasterRSI is just looking to talk the share price down so that he can buy in as cheap as possible,he tried the nomad situation first weeks ago. We should have news soon on debt restructuring and then he will have to look for another reason. We all know that Bachmann and Morffew have been selling lots and that is the real reason for the low share price Fundamentals will out here,sooner or later and the share price will rise far.

[12bm] 06/3/2019 13:07

It seems the stale longs here just dont get it.

Australia is starting a recession, and companies like this are in trouble. The big boys will undercut anything they do, and there will be no demand for their meagre offerings, revenue will dry up, and the banks will foreclose on them.

Target 0p.