Operating cash flow for June Qtr ( 3 months ) = $ 35.6 M .
In the FY21 accounts , receivables in current assets ( next 12 months cash flow ) = $ 67.1 M . Despite receivables weighted by contractual cashflows less than 1 year being $123.7 M . This understatement hides cash flow likely in the next 12 months.
More evidence accounts at 31 March look "fudged" to help Somers "low ball" takeover bid .
New Chief Financial Officer Luis Orp was previously Chief Financial Officer at Resimac . Somers is a 61.9% shareholder in Resimac.
During FY21 the Chief Financial Officer was replaced ( Forsberg to Orp ) and the Auditor was changed ( PWC to UHY Haines Norton )
I've lodged some questions to be put to the Auditor at the AGM.
TGA Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
