Member Info for Hazbeen

I said they were not cashflow positive , that is the difference

For the company to finally use the words ‘cashflow positive’ instead ebitda proves I was right

Sorry pal you were wrong

It is taking 2 quarters of 2026 to become cashflow positive , been ebitda positive for 18 months

So all this ebitda positive since October 2024 did not mean cashflow positive

But the good news I see these words are finally been said starting from Q2.

Will gradually rerate now

Lol…was gonna say same thing about the buses

Reserved ,

What do you think now ?

BoD to me look a professional board , deserve massive plaudits to what they have delivered upto to now

Readying itself for growth

Thx

So knowing that and you know H1 interims already

What do you expect just H2 figures to be ?

Then we can an idea of full year results

Bullet ,

Maybe you can answer this one because I do not get it

This was from a trading update in 2024!

This momentum has continued as the Group delivered record-breaking revenue in September 2024 and remains on track to achieve an EBITDA POSITIVE run rate from October 2024 onwards.

The in feb 2025 RNS trading update

Continued growth in EBITDA run rate expected for the year

So why the interims ending June 2025 , was Ebitda negative at £1.1m and made a loss of £2.1m ?

Well my take on this

H1 interims - £4.8m revenues and £2.1m loss

Expect full year double in revenues and approx £2.5m loss as cost efficiencies kicked in H2

How much cash left ?

Forgot now do they have any cash facility to drawdown from ?

Ok let me ask you

What revenues and profit/loss are you expecting for full year results in due in June ?

RNS says Final full year revenues will similiar to last year

So I see a loss of approx between £2-2.5m

A negative EPS again

Polypropylene Up 6% today

“ report that it has been trading profitably at the EBITDA leveL”

Same thing

We will just have to see their net debt or cash on balance sheet next update

Happy to wrong as well not just do not see it unless they get a contract big enough to change outlook

Ebitha positive and profitable is semantics

Company is just trying to be clever with words

Let me know when they are generating enough cash without the need to raise cash again and also have enough cash to pay back the interest on the bonds and pay the bonds back in the future

I still think the revenue could tick up over time , but I had expected this to happen a lot sooner than it has

BoD need to buy some shares now , this is rock bottom !

I am not denying it is low a cap.

But look at the chart, lack of BoD buying , and the market is proving it this low for a reason , maybe too low

I maintain nothing to say this is cashflow positive , and these are words the market needs to see

They have been profitable at ebitha level since Oct 2024 , but still had raise cash at 30p. , why do you think that is ?

BI,

Ignorance in your part , let me educate you

EBITDA vs. Cash Flow: Understanding the Difference

positive EBITDA does not mean a company is cash flow positive. While EBITDA measures operational profitability, it ignores cash needed for working capital, capital expenditures (CapEx), interest, and taxes. A company can have high positive EBITDA but still have negative cash flow and run out of money.

Investopedia

They have been Ebita positive since Oct 2024, but still not generating cash

Vascular

It was more to do with potential revenues that could occur when Google and third party cookies were being

Changed /removed but that never materialised

And then it fell away

Company struggled since then and still not cash flow positive

But luckily the bonds have bailed them out without big dilution

Looks like consolidating at 40p area

Are shorts still closing ?

Side note ..do not like gaps ups , seem to get filled at some point in the future if not near term

Bunsen

Can buy 31k quantity / 6.5k worth

Bunsen,

You do they have been ebitda positive for many many months now but stock still fell because of CLNs and any seller

Company needs to get cashflow positive