No it’s not. There were significant one of capex payments made in FY23 which skewed numbers. They are sitting on $180m in cash with strong op cash flows despite the winding up LCS and EPF.
if they go ahead with building the new facility to accommodate sub construction then maybe they do a small raise or more likely get a debt facility.
The journos are doing the work of the suitors in trying to pin the price down but the op cash flows if the last 4-5 years tell a better story. This company has made significant investment in building its sustainment business opportunities and we will see the benefit if that in the next few years.
dont take this as support for board or mgmt. both have serious shortcomings and have repeated failures in governance and execution. I just don’t see the cash crunch the article alluded to.
No it’s not. There were significant one of capex payments made...
Add ASB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.39 |
Change
0.030(1.27%) |
Mkt cap ! $866.2M | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.42 | $2.32 | $1.897M | 794.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12752 | $2.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.42 | 28394 | 3 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$2.40 |
Change
0.030 ( 1.70 %) |
||||
| Open | High | Low | Volume | ||
| $2.33 | $2.42 | $2.32 | 80959 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| ASB (ASX) Chart |