well, i've been warning that they would have a substantial creditors balance, and it looks like they have even more than i thought. Any wonder they were calling every man and his dog during the last CR.
I sincerely hope they address the creditor balance on the Sept Qtrly, otherwise they will be seen to be keeping all investors in the dark.
It will be interesting to see what the cashflow statement will show - surely positive? For mine, the problem is that they have Watpac running double shifts, have been for a few months now, so the production costs might be a bit higher than we think.
Im getting a little nervous for holders now. In the short-term, A1 seems to be in dangerous territory.
Goodluck all,
Split
Ann: Full Year Statutory Accounts , page-4
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