Cash Balance7 Mar 2018 13:28
I am definitely an optimism with Tissue Regenix, they do say though, a Pessimist is either Right or pleasantly surprised .....
Taking on both the previous posts regarding cash burn and profitability, I've re-read the Hardman report and the Cellright financials at the point of acquisition and these are the predictions from both.
Dermapure Turnover � 3.5 m with an estimated profit generation of � 2.20 m
GBM-V Turnover � 1.2 m with profit of � 0.72 m
Cellright Turnover � 6.5 m with profit of � 3.90 m
These are all projected earnings based on 2016 achieved figures and stated projected growth in 2017.
So we have the potential of a group turnover � 11.20 m profit � 6.82 m
If achieved will mean the cash in the bank could be at least �5 or �6 m or above.
Its going to be very interesting to see the actual figures in just 12 days time.
If those estimated numbers are somewhere near correct I would expect the SP to rise well above 10p and I would not be surprised if it went higher. These are all figures that are in the published reports, but do your own research.
Ever the Optimist, Chester