G’day Master again.
When I saw the cash conversion number I went on a hunt but could only find one small anomaly but it could be explained by the Lotus acquisition which is more a wholesale operation. Payables as a % of TTV has increased by about 24 basis points in FY’19 versus FY’18 and amounts to about $15m. But as I said it could well likely relate to Lotus and in any event CTD is virtually debt free so in my opinion it is at best a minor issue.
It is obviously in VGI’s interest to find any tiny issue and amplify it to the world. However there is a lot to like in this result and nothing really to dislike.
I have in fact topped up this afternoon.
Cheers......Daicosisgod
Ann: CTD 2019 Full Year Results, page-45
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Last
$11.93 |
Change
0.160(1.36%) |
Mkt cap ! $1.745B | |||
| Open | High | Low | Value | Volume |
| $11.80 | $12.01 | $11.67 | $6.586M | 554.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1468 | $11.93 |
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| Price($) | Vol. | No. |
|---|---|---|
| $12.00 | 1000 | 1 |
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