Please recheck the balance sheet. AC increased by 2.2m, AP increased by 6.5m. There is a $4m discrepancy, which would have reduced free cashflow to $6m.
Margins have deteriorated from just below 2% to 1.2%. And you are waiting for management to turn this around? In 2007, NPAT was $9m. After all their acquisitions and high salaries over the last 5 years, NPAT is $5.8m. And you are waiting for THIS MANAGEMENT, the management overseeing this massive piss-up of shareholders money, to turn things around?
Oh boy, good luck.
market update, page-18
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95.0¢ |
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Mkt cap ! $69.57M | |||
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35 | 95.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 11321 | 1 |
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