DEL
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7.50% 4.3¢ delorean corporation limited

Nice operating cashflow.The question I have is the comments on...

  1. YStrategy
    10,917 Posts.
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    31/01/24
    23:45
    Post #: 72173544
    Nice operating cashflow.The question I have is the comments on page 9 about expenditure (accruals basis). Not sure if this means that they have not paid this expenditure out of bank yet.Last quarter they borrowed $2.2 million but have not paid back anything in the last 6 months (maybe not paying back to use cash in bank for projects).As per last balance sheet they may also receive payments in advance for projects.A positive is directors own 40% of the company so they will want the company to succeed.
    DEL Price at posting: 3.7¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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