Thanks for the heads up Hopeful.Noted matter was to be heard on...

Thanks for the heads up Hopeful.

Noted matter was to be heard on May 22. No further notices appearing on ASIC so outcome of this action unknown. Notices such as these are not uncommon when payment matters aren't resolved. I doubt Austrans would allow this action to go undefended. Nevertheless wider reports of creditors not receiving payment is systematic of working capital issues. I have no idea what Austrans financial position is, but if the deficiency can't be resolved then it could result in company being placed into administration, particularly if there is evidence of insolvency.

You make a good point on liquidity problems and reports such as these serve to highlight the difficulties and challenges businesses in this industry face. Lindsay would not be immune. Management provided some insight into these challenges in the recent trading update.

HY24 cash flow was negative $18m. Hunters acquisition was a contributing factor, however expected EBIT from this source has not materialised.
Recent price action appears to be factoring in these industry reports.