thats a good question. last quarterly to 31/12/15 showed $60m cash with $29m estimated outgoings in quarter to 31/3/16 so you would think they should have had about $31m left.
however, if you look at the balance sheet as at 31/12/15 (p 35) you will see $19m in payables.
so $60m - $29m estd exp less $19m payables = approx $10m.
asx really should make companies give a v brief balance sheet along with their quarterly cashflow statements. without that its all a bit meaningless. just "stretch" your creditors a bit and things look much better than they really are.
which reminds me of the dancing girls - "stretch" girls "stretch". damn they look good. even if their leotards are looking as tattered as the SP.
Beware the cult, page-47
-
- There are more pages in this discussion • 29 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
50.0¢ |
Change
-0.005(0.99%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 50.0¢ | $17.80K | 35.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 46096 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 15819 | 2 |
View Market Depth
| Last trade - 11.51am 04/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |