Hi Mars you could be right, however, my reading of the cashflow statement was net change of $34m in contract liabilites (total of $47.7m). It worth noting too that I believe a decrease in other provisions ~$12m maybe due to tax breaks over covid? I'm not 100%. So the cash figure is no doubt inflated. In terms of the working capital - why would this be higher? The construction job has been sold, and the client has paid upfront for works. This allows LYL to now engage sub-contractors to complete the project. That's my basic understanding at least. The working capital requirements should not be effected I don't think, if anything, the dynamic's would be positve.
Ann: Preliminary Final Report, page-13
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Last
$12.15 |
Change
-0.100(0.82%) |
Mkt cap ! $482.8M | |||
| Open | High | Low | Value | Volume |
| $12.22 | $12.25 | $11.99 | $1.242M | 102.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1071 | $12.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.19 | 1184 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LYL (ASX) Chart |