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Ann: Business Update, page-69

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SSPPMM

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16/10/19

15:35

Post #: 40912765
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Originally posted by Chrisj_s: ↑

Hey SSPPMM

So as someone else has said in this thread, there's the part which talks about "Net Cash Flow from Operations (NCFO) for the quarter was a $3.5 million outflow. Raw material procurement of $5.1m was the major contributor. NCFO was a record $7.3m inflow for the first nine months of 2019".
I think that people saw this, in combination with no increase to the pipeline and a prevailing sentiment that the stock was oversold and panicked.

The thing is though, PET explains that this is because they're producing more supply so that they have stockpiles, that their projected demand actually currently exceeds the amount they can physically produce in one factory, so makes sense to increase production now to address this.

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Hi Chrisj_s !!

No increase to the pipeline?????

From the announcement:

"Project Pipeline

The current project pipeline now totals some $330 million, comprising of $200 million in China and the previously announced increased total of $130million of new International projects since February 2019. This covers the period to end 2022 and includes over 40 International projects and four Chinese projects. "

Can't they read???

Cheers

PET Price at posting: $1.11 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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