Cash based reports are always dangerous to use as a measure of how the company is trading. For example they may have built and paid for a lot of inventory during September. That would cause the report to suggest a high cash burn number but in fact they would have a large supply of saleable inventory on hand for the busy season. I am hoping this to be the case. Also they signalled staff reductions which invariably mean higher payments for redundancies. This could be included in the August/Sept wages and admin costs? The next couple of months are critical for BUD IMHO.
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- Ann: Appendix 4C August 2021
Ann: Appendix 4C August 2021, page-3
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