I was considering buying some to pick up the 4c dividend but...

  1. 295 Posts.
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    I was considering buying some to pick up the 4c dividend but unsure if the price is going to crash after the record date.  I haven't seriously looked at this stock for about 5 years. 

    This business has historically reported very low debt if not nil but it's now reporting that its debt facility of 42m is fully drawn down and net debt of 33.57m.

    I can't find any substantial explanation for why the 'trade and other payables' has more than doubled from 7.63m to 16.17m in the past half year.  I'm guessing the latest acquisition came saddled with this or significant on going expenses of some type.


 
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