positive facts not fiction, page-23

Thank you for your response orchidc.

Yes I agree that the net cash inflow figure is rather bafling compared to previous results. It has not really been addressed in the accounts as to why it occured.

From memory there was anouncement which indicated that one of the properties was empty for a while due to departure of the main and only tennant.

Maybe that had something to do with much lower cash flow intake.

Anyway I am more that reasured by the bottom line on page 12 further expanded on in note 4 and I quote :

4. CASH AND RESTRICTED CASH
Cash at bank1 82,321 120,617
Restricted cash2 55,284 40,428
Cash and cash equivalentsin the Statements of Cash Flow and BalanceSheet 137,605 161,045


I am sorry, the idiosincracies of the HotCopper processing of text make it imposible to neatly tabulate the the data, but I am sure you get my drift.

Cash at bank $82.3 million is more than sufficient to smooth dips and peaks IMO.

Anyway we are flogging a dead horse. Analysing number almost 6 monts old.

JP is assuming the net cash inflows will be same. Well they never are. I understand that he is trying to be conservative but it is not based on any facts.
The numbers in the next report will be the ones that matter.

Analysing previous results is like technical analysis.
Tracks in the snow . They show you where we have been, but you can only guess where we are going next.

I agree With Copper that if there were material changes to the guidance due to business conditions or any other matter, management would be duty bound to advise ASX and shareholders.

So lets wait and see. It can not be that long now.

Brian