Surprised by the FY17Q2 cash receipts and wonder whether this was due to collections for a stellar FY17Q1. In any case, consecutive quarters of positive cashflow show we're heading in the right direction financially.
The improved financing arrangement represents a nod of approval from bankers, which is a plus.
"This stronger result is anticipated to continue into Q2FY17" from their 30 September 2016 commentary has occurred, which is also a plus. "As a result the outlook for growth in the year ahead remains very positive" from their 31 December 2016 commentary is something to come back to at the subsequent quarters.
|
$000 |
Sep-15 |
Dec-15 |
Mar-16 |
Jun-16 |
Sep-16 |
Dec-16 |
| 1 |
Receipts |
6,556 |
5,076 |
7,169 |
6,053 |
9,562 |
9,674 |
| 2 |
NOCF |
(184) |
(503) |
1,908 |
(1,289) |
527 |
586 |
Would prefer the interest to drop of a little, so I can fill the gap. But maybe the cat is out of the bag already.
(20min delay)