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6.3¢ rpm automotive group limited

Hello. Actually, the Deferred Acquisition Payments debt for...

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GKeden

1,756 Posts.

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18/04/24

13:10

Post #: 73406707
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Originally posted by GKeden: ↑

Hello. OK. Let's list the red flags more accuracy (rather than freak out to your generalisations hysteria):

1. $3,813,369 convertible note (plus interest) remaining from the 30/6/23 balance sheet

2. $4,756,633 deferred acquisition payment on the 30/6/23 balance (not detailed in the 31/12/23 balance sheet notes).

3. $4,248,872 in operating cashflow for 31/12/23, which was chewed up by payment for property, plant and equipment ($1,204,616); payment to acquired entities ($1,851,882); lease liabilities ($1,762,631) and finance ($235,408); repayment of borrowings ($1,083,097).

4. So, despite its positive operating cash flow (which we must assume is ongoing) and even the probably non-compulsory repayment of borrowings, the impression is RPM was not able to use operating cash to repay $2M for a convertible note and $2M CAPEX for new capital investment in a tyre recycling plant.

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Hello. Actually, the Deferred Acquisition Payments debt for 31/12/23 was $3,969,324. Therefore, the impression is $787,309 was paid (in either cash or shares) in the last half for deferred acquisition, i.e., possibly "earn outs".

Last edited by GKeden: 18/04/24

RPM Price at posting: 7.1¢ Sentiment: None Disclosure: Held
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0 Great analysis

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Last 6.3¢		Change 0.001(1.61%)		Mkt cap ! $15.44M

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