RE: Significant new IP20 Dec 2022 20:48
As a shareholder, I like the recent announcements and happy to see the company's momentum.
However following the company for more than a year I am now cautious with the management optimism. The expectations mentioned in 7th Dec announcements are based on strong top line delivery. As per my understanding from their announcement, any set back in the trading would require further cash injection.
"the Board considers that the Company will have sufficient cash headroom to meet its short-term working capital, debt service and growth needs. This position assumes that trading continues to improve significantly, such that the baseline revenue expectations for the year to August 2023 described in the outlook section above can be exceeded."
"In the event that trading volumes and cash generation are lower than anticipated, the Board, if required, would need to take actions to generate further cash inflows and/or conserve cash"