Tritium DCFC Limited DCFC
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Jane won’t allow a buy out. If she is not pushed out, they will dilute shareholders by issuing more stock, then reverse split for a maximum stupidity move. She has no experience running a company. Her big experience is being a mid level exec at Boeing. Think about it she has said when they went public, they did not have enough capital raised. Now how stupid does she really think investors are. Glta. I will only add if she is removed from management.
So one thing to remember with all this optimism of buyouts and growth/profitability. At the current sales levels which are down 50% (based on financial report, not made up folks) how much sales growth is needed to support current levels revenue generation vs becoming profitable. Remember revenues were up due to working off their massive backlog. Now we have the capacity to produce but sales are cut in half. If sales don’t double this next year then they will be out of money and just back to current level revenues or slightly above based on current output. Unfortunately, Tritiums awful financial condition would guide me to select a different supplier since Tritium might not be around to warranty any of their chargers. Just thought to ponder from someone who used to have great hope for them.
Tritium might be worth $1.00 on a buyout if we are lucky. Sales are down 40% over the last 6 months, as stated in the financial, and we are hemorrhaging cash. Now we have a company that need a 95 million dollar life line. Not too promising.
The article states
“The fundamentals of the business are good, but the only issue we have is we are undercapitalised, and we have been since the time we listed,” Ms Hunter told AFR Weekend.
Then she goes in to say our only impediment is captital.
So she is running the company, and she made the decision on how much capital they need when they went public. Now she says we never had enough capital. She sounds like an idiot. Just give me more money and I will fix things, yeah just like any gambler looking to dig out of a hole they cannot get out of. So BP and Shell now have other preferred dcfc vendors, who wants us now. Our market cap and shaky financials might cause us to miss out on contracts due to our ability to operate.
BP makes large investment by buying Tesla chargers. Just heard on the news that BP just agreed to purchase 100 million dollars worth of the Tesla fast chargers. Yes 100 million, and they will start delivering them in January. Guess that was the big news Jane didn’t want us to know. I thought .20 would be the low but no way that holds now. Tritium is toast but could still be a fun daytrade when volume picks up. Don’t listen to the pumpers. Tesla will dominate this area as well. Sorry Jane, you guys lose again. Glta.
Revenues were up solely because they worked off their backlog. Sales are down for the 2nd half of the year. Don’t be fooled by the pumpers which are clueless.
So one has to ask Jane, where is the big news about a partnership with huge order volumes. It is nothing but lies lies lies. No news means they have nothing to report since nothing is good. Remember sales revenue actually dropped in the past 6 months by 45%. Not a good sign for a company on life support. At this point just look for a good opportunity to get in around .10-.15 and try to flip them out quick.
Long term this company and stock is a loser but still worth trading at the right price. Sales are down, down down. Yes just read the financials. It is in there when stating the 1st 6mth sales vs 2nd 6mth sales.
A buyout at $1 would be the best possible scenario.
Common down Tritium. Let’s get you below .20 and see how you react. Bankruptcy or a buyout seems the logical next step. Good reliable product but the business is being run by a bunch of idiots who don’t know how to grow. Their greed will be there demise. A buyout at $1 would be a gift right about now.
Jane hasn’t a clue which is why she doesn’t work for Boeing anymore. Can you imagine what a bad decision that was, yikes? I bet management salaries accounts for over 20% of expenses. Still waiting for the drop to .20. If it cannot hold that level then we are toast but I think we should be able to get a 4-5x from that level. This is after we reverse split. Glta.