HCL 1.89% 13.0¢ highcom limited

Ann: Preliminary Final Report, page-27

  1. 1,354 Posts.
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    This is all the unearned income for the big project that will be delivered this half. You can see the build up in inventory. Obviously a good chunk of the $36m of cash on the balance sheet will be consumed fulfilling this order. Otherwise this would be trading much higher than it is. The key for me is the chunky order book. And talk of capital management. Comfortable hold until then. This will fly if they land another contract. Feels like its better to be in that out if that happens.
 
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