TSK 1.74% 84.5¢ task group holdings limited

Ann: FY23 Forecast Financial Result, page-10

  1. 90 Posts.
    lightbulb Created with Sketch. 41
    Am I dim - or is there a rather large disconnect between free cash flow and earnings, particularly at the NPAT level?

    How can cashflow be so good? Rare to see FCF inline with adjusted EBITDA let alone above it.

    Does Task receive funds from underlying customers and then holds that before eventually distributing it to the retail customer? WIth the implication that a lot of that cash actually doesn't belong to Task / is not available to Task?

    Or is it just mega up front payments for reasons?

    Just curious - latest quarterly cashflow put it on my radar - trying to get my head around it.

 
watchlist Created with Sketch. Add TSK (ASX) to my watchlist
(20min delay)
Last
84.5¢
Change
-0.015(1.74%)
Mkt cap ! $301.8M
Open High Low Value Volume
85.5¢ 85.5¢ 84.0¢ $2.082M 2.451M

Buyers (Bids)

No. Vol. Price($)
3 356259 84.0¢
 

Sellers (Offers)

Price($) Vol. No.
84.5¢ 336992 1
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
TSK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.