Ann: Annual Report to shareholders, page-24

Thanks for the lesson on trade receivables and payables... maybe you can explain how a supposedly cash flow positive business (more money going in than out), has negative trade balance (more money to be paid out within the next 30 days - by the end of july - than is to be received) after a supposedly cracker of a quarter as announced in the 4c ending 31st of June. TNT had a 5.3m positive cash flow in that quarter.

it's looking like an accounting trickery and I think smart money is not buying it based on SP going down from 28c at annoucment of last 4c to now at 21.5c.