Those payables seem high. When you consider wages and salaries last year were around 250 million and that represented about 50% of revenue. Trade creditors are unsecured. They are the life blood of any business. Withdrawing credit causes wheels to grind slower. If it took till the 9 th of December for business units to report and a further 7 days for management to decipher the information , I guess that's the timeline to expect for January. Any sooner and our Jackass friend from Maurice Blackburn will be on the case.
SGH Price at posting:
74.5¢ Sentiment: Hold Disclosure: Held