BLY boart longyear group ltd
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imbalance sheet at 31 dec 2012

  1. ML173
    9,616 Posts.
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    16/05/13
    11:13
    Post #: 11770491
    The balance sheet at 31 Dec 2012 does not look so great..

    Current cash and receivable = $350mil

    Inventories = $533mil... to much stocks on shells .. why ?

    Current payable = $418mil ..... about $68mil short terms cash imbalancce...

    Debts + Tax + Provision = $697mil

    Management will be in trouble if they cannot move inventories due to low demands ....

    I sold out when looking at these numbers released in April... Good luck
    BLY Price at posting: 76.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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