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Tooheys8, the co. went backwards the past Q too. The cf report...

  1. Timber7
    1,967 Posts.
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    31/01/19
    19:29
    Post #: 37288548
    Tooheys8, the co. went backwards the past Q too. The cf report reads neg. with only 1.2M in bank.

    They'll have to draw down on the trade finance facilities which will eat into margins. 

    I've been saying this for a while now but they'll need to do a CR in order to strengthen the bal. sheet. 

    It would be better to sit on the sidelines for now.
    CSS Price at posting: $1.05 Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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