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Amphion Share Chat (AMP)



Share Price: 1.75Bid: 1.50Ask: 2.00Change: 0.00 (0.00%)No Movement on Amphion
Spread: 0.50Spread as %: 33.33%Open: 1.75High: 1.75Low: 1.75Yesterday’s Close: 1.75


Share Discussion for Amphion


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hottrader77
Posts: 1,843
Off Topic
Opinion:No Opinion
Price:1.75
RE: new thang ! up up
Thu 13:05
jackdaw99 see your not saying anything about my post on frr flying up in advance of it doing that , why dont you take a look today !! already 26% up ha ha while your twiddling your thumbs here !
 
jackdaw99
Posts: 327
Observation
Opinion:No Opinion
Price:1.75
RE: Garbage shares.
Thu 06:40
Considering what might soon happen to MTFB that might have been very bad timing!
Costello
Posts: 895
Off Topic
Opinion:No Opinion
Price:1.75
Garbage shares.
Tue 17:13
Bailed out. Soft landing.Met up with opti bio. Bought!
jackdaw99
Posts: 327
Observation
Opinion:No Opinion
Price:2.00
View Thread (2)
RE: new thang ! up up
Tue 07:56
Good job we are all blind Hottie, else all of your posts would be utterly redundant!
hottrader77
Posts: 1,843
Research
Opinion:Strong Buy
Price:2.00
new thang ! up up
Tue 07:49
Fill her boots spotted , amigos FRR is on the up , soon will be gas flowing ! Amp moving slightly
C4onthego
Posts: 42
Off Topic
Opinion:No Opinion
Price:1.50
RE: Surfi's post
13 Sep '17
I'm not really sure what our point of contention is here.

"Current liabilities are a company's debts or obligations that are due within one year, appearing on the company's balance sheet and include short term debt, accounts payable, accrued liabilities and other debts."

http://www.investopedia.com/terms/c/currentliabilities.asp

I think our only disagreement is your contention that some of the 10m or so trade payables are not current? Well, if so they need to consider alternative reporting and new auditors, as debt maturing more than a year from the balance would be presented in the balance sheet as non current.

You are right on KMK - but where is that now? Written off the balance sheet and expensed through the P&L.

I'm all ears to any way you feel the company can thrive with zero cash flow generation, exorbitant salaries, bonuses and financing expenses, 30m USD of debts due within 3.5 months and a proven history of selling assets to keep the show going on. It's entire existence seems now entirely contingent on the success of MTFB (which I am a believer in FWIW), but it's counter intuitive when it's a forced seller of that investment, right?
jackdaw99
Posts: 327
Answer
Opinion:No Opinion
Price:1.50
RE: Surfi's post
13 Sep '17
It is not actually the "technical" definition, which is "..funds owed to other businesses or creditors that must be paid within a year of the balance sheet date. The most common entries under accounts payable are ordinary expenses such as utility bills and other recurring operating costs." I'm assuming that, with offices in the US, they do have operating costs. You can find that definition anywhere you care to look. Anyway, I'm not arguing that they don't have a lot of debt but I do think, like many other businesses (Amazon etc for years) that they have taken a calculated risk on things coming good. Kromek did pretty well, MTFB may still do very well, perhaps even Datatern, so you can't really write a business off for taking risks, else there would be little industry of any kind.
C4onthego
Posts: 42
Off Topic
Opinion:No Opinion
Price:1.50
RE: Surfi's post
13 Sep '17
Hey, thanks for the reply and explanation of your logic. For me, current liabilities by definition means debt falling within one year. That is the technical definition. The amount of debt falling within one year / current liabilities are 30.34, so I haven't attempted to make any further distinction. We cannot disregard trade payables as, regardless of their composition, they need paying. Any other company insolvent like AMP is, that could not make its debt obligations, would fold. AMP has luckily been able to extend and extend, but the narrative has changed. Please read the going concern note of the latest statements; in particular, of trade creditors:

"Relations with significant trade suppliers have also been strained during the year.  Should the Group fail to generate sufficient cash to support its Partner Companies and to pay trade payables on a timely basis, the Group may see additional adverse effects on its Partner Companies and their valuations and in its relationship with its vendors."

For this reason, it cannot be assumed that these amounts are capable of being simply rolled over. IMO, based on the facts available in the PD.
jackdaw99
Posts: 327
Answer
Opinion:No Opinion
Price:1.50
RE: Surfi's post
13 Sep '17
Liabilities are debt are not the same thing, although liabilities can (but not necessarily) include short-term debt. So, to calculate the true level of debt you would need to know how the $10 million or so in "accounts payable" breakdown into short-term debt and other items such as operating costs. I don't know that, so best say borrowing is somewhere between $20-30 million. Agreed it's not $3 million.
C4onthego
Posts: 42
Off Topic
Opinion:No Opinion
Price:1.50
RE: Surfi's post
13 Sep '17
Jack- thanks for the attempts to clarify. But how have you come away from that with concluding debt being 20m?

It is clear as day, black and white..

"current liabilities - 30.34m", "total liabilities - 30.34m".




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