ASH 3.85% 25.0¢ ashley services group limited

@hankreardon G'day Hank This company keeps popping up on my...

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    @hankreardon

    G'day Hank

    This company keeps popping up on my screening. Glad to see a good HC poster here.

    I have been burnt badly by labour hire firms before. Firstly Skilled Engineering and later when it was consumed by Programmed Maintenance Services.

    Will Ashley recover in FY'22?

    A quick look at the Cash Flow Statement showed a dividend payment that was nowhere covered by Operating Cash Flow. Perhaps that was a function of the acquisition?

    Any thoughts would be appreciated.

    Cheers........D
 
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