Its worth noting that a not insignificant amount of revenues over the historical period have come from the revaluation of assets, in particular property. Effectively meaning that accounting earnings have significantly exceeded cash earnings for a number of years.
As property prices shift into reverse this is going to be a drag on earnings and whilst this is also non cash, the company will have borrowings secured against this property which have increased from $4.2bn to $5.7bn from Jun16A to Jun18A.
Perhaps the race is now on to realise these gains and deleverage the balance sheet.
Its worth noting that a not insignificant amount of revenues...
-
- There are more pages in this discussion • 92 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CGF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.63 |
Change
0.060(0.91%) |
Mkt cap ! $4.582B | |||
| Open | High | Low | Value | Volume |
| $6.58 | $6.65 | $6.56 | $3.779M | 571.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 7336 | $6.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.63 | 4704 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| CGF (ASX) Chart |