pattersons value over 7.50, page-8

  1. 27,770 Posts.
    lightbulb Created with Sketch. 3366
    seems there were some delays in accounts receivable, which has given them a loss, where they were expecting a profit, but, they have said in the 4c, they are adressing the delays.

    The market pushed this one up to a dollar recently, shows how much interest is sitting on the sidelines.

    Nothing to my knowledge changed. I phoned the company last week, and although i only spoke to a consultant for the company, he was of the view, that it was just the delay in the company turning a profit, which has had that money reducing its position.

    The upside, is those receivables would then come in the following quater one would think.

    cheers
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.