The only logical explanation I have found about this : prior to H1 24, IRI had a positive effect on its cash flow from debt factoring, as it enabled the company to get its receipts earlier.
Now that they have stopped debt factoring (in Dec 23), it means that they get their receipts later, so it has a negative effect on their cash flow for H1 24.
We should have a similar effect during H2, for the same reason.
But from FY 25, this effect should disappear.
If I am right about this, it will have a significant effect on their cash flow from FY 25.
A valuation which still discounts a cautious scenario, page-7
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Last
65.5¢ |
Change
-0.015(2.24%) |
Mkt cap ! $116.1M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 69.0¢ | 64.5¢ | $259.0K | 390.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 43814 | 65.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.5¢ | 3969 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| IRI (ASX) Chart |