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27.5¢ ashley services group limited

ASH - Its time for the reversal!, page-45

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gerrykuan

2,468 Posts.

126

22/10/15

17:35

Post #: 16232857
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Originally posted by CmonCDR ↑

According to the 2015 accounts, it generated $4.5m cash from operations. However, included in this amount was a 3.5m IPO expenses and related costs. So really, $8m generated.

If NPAT is down at least 10%, then it should still be cashflow positive from operating activities (tax expense will go down accordingly).

However, it is anyone's guess really the extent of its cash flow. Get some cash in early and collect debtors can skew results, early enrollments which count as deferred revenue also skew cash flow.

Maybe at the AGM next Friday they will provide further guidance. It appears the nervous nellies are heading for the exit.

A 10% profit downgrade = 50% share price fall???

I bet the founding shareholders a screaming mad as their shares are in voluntary escrow for 2 years (from IPO date). Ross and related entities hold 91m shares. From a high of $1.795 = $160m wealth to $26m must hurt. Hopefully he can steer this company back to calmer waters!

Goodluck holders,

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But, if it's not making positive cash flow, then there won't be any dividends.

ASH Price at posting: 30.0¢ Sentiment: Hold Disclosure: Held
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Last 27.5¢		Change 0.000(0.00%)		Mkt cap ! $39.59M

Open	High	Low	Value	Volume
27.5¢	27.5¢	27.5¢	$18	65

Buyers (Bids)

No.	Vol.	Price($)
1	21961	25.5¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	21245	1

View Market Depth

No.	Vol.	Price($)
1	21961	0.255
1	99999	0.250
3	77384	0.245
4	98666	0.240
1	16183	0.235

Price($)	Vol.	No.
0.275	21245	1
0.280	20000	2
0.285	3846	1
0.300	34101	2
0.330	7150	1

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