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Ann: Appendix 4D and Half Year Financial Report, page-55

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kickit2me

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21/02/18

14:21

Post #: 31224388
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Originally posted by dyeman ↑

Unless NUH supplies goods to retailers on consignment basis, then the report should include all goods ordered by retailers before the end of the year. NUH won't have been paid for a lot of this yet - that's reported as Receivables.

The thing that struck me most about the report was the large inventory. I assume this is a result of the slower-than-planned retail rollout:

Assuming the retail rollout gets back on schedule this quarter, and inventory levels can be significantly reduced, the balance sheet could look a lot healthier by the end of the FY (albeit with the addition of some one-off costs associated with the start of manufacturing of the new products).

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That makes good sense @dyeman.

This large inventory has already been paid for - that's really helpful for whats coming up.

It means there are is substantial stock of IQbuds for current sales, allowing funds to be used to produce the new product, the IQbuds Boost.

NUH Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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