On the receivable days, if I owed a business money and there was a chance they were going to go into administration I would delay payment. So would not place too much emphasis on the receivable days. A lot in the financials as they reflect a very bad time for the company. My focus has been on the cash flow and trying to strip out the noise in the financials to get a rough sense of what 2014 with entail.
A lot would have changed between the preparation of the accounts and now. Next quarterly will add a bit more clarity.
DML Price at posting:
8.5¢ Sentiment: None Disclosure: Held
