The Rectifier is financially very robust.....Sitting on $6m cash....Very strong working capital....Working Capital Ratio 2.47 (too strong....Some people may say inefficient use of extra funds)
What to do with this cash?
# They can pay off all outstanding current & non current debt (around $4m) & become completely debt free......They chose not to.....I wholeheartedly agree in this climate of low interest rates.
# They can afford to pay Dividend....Perhaps up to 0.002 , leaving >$3m in the kitty.....They chose not to.
# Acquisition or organic growth....I prefer this path.
RFT management have some serious options to consider as to what to do with the extra cash , specially now after the CAPEX already spent in the last couple of years.
Ann: Half Yearly Report and Accounts, page-13
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Mkt cap ! $9.674M | |||
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