Ann: Appendix 4C - quarterly, page-2

This is really interesting. I won't bother with the analysis of the appalling financial position, it just beggars belief that someone does not call time on this folly.
What's interesting is that the report was issued at the beginning of the dead-line day, not after trading - can't recall the last time they reported early, even if it's only a few hours. It also includes some bling, which has not been a consistent feature of communications.....someone at Broo is trying to look and sound confident and assured.
But let's face it, they now have even more debt, now from a last-resort provider, they are factoring their receivables, continue to pay in-advance for all stock and on-average, have sold about half-a-pallet (35 cases) to each store.
The magic trick will be selling what they have in stock at the same time as buying (and paying) for more, and juggling the short term debt facility. I hasten to add they still have the current debt facility which was re-termed last quarter, set to pay this time next year. I do hope that the CFO has some serious spreadsheet skills!
Honestly....someone is hoping for a miracle - the only value will eventually be in a sale of the entire company whose only residual value is in the accrued tax losses. Getting those assumes a buyer who will continue in the same line of business.
Fascinating!