Investormeet24 Oct 2023 12:09
Watched the presentation a couple of times . I thought Martin Ive was excellent, and didn't waste time going through the financial results ,instead focussing on the future and in particular cash flow . Paul also made the point that they have enough visibility there to start producing a more detailed outlook ,particularly re Gen 3 where they already have purchase orders ,and the numbers will be "significant".
The other point of note is Martin mentioned in the question session that from a statutory accounts perspective they will have to consider recognising a deferred tax asset ,maybe as soon as in the fy 2024 statutory numbers. This is very significant as you can only do this is you can demonstrate to the auditors the likelihood of the tax losses being used in a reasonable timeframe .This means that we may have a positive tax credit in the accounts which could easily mean a positive EPS !But it also means future profits are foreseeable going forward.So it is all looking positive ,and the share price is not reflecting the huge potential .