"They spent $1.7m on physical non-current assets- well, that is too small a sum for building an 8-story building plus buying back stores plus fitting out new stores. The figures aint hanging together."
I feel I am neutral on this for opinion but making assumptions of physical non-current assets based on a 4c quarterly is just going to draw the wrong conclusions, the 4c is just to show cash flow , to see the actual value of non current assets one needs a balance sheet from the Annual report and then read the attached notes.
Anyway the cashflow report looked ok to me, on a seasonal basis maybe a bit less buying over winter have to compare with last year to see if that is a seasonal trend and if buying increases in the Chinese new year .
SBB Price at posting:
6.7¢ Sentiment: None Disclosure: Held
