SGH 0.00% 54.5¢ slater & gordon limited

No overall change to operating cash flows, but what concerns me...

  1. 114 Posts.
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    No overall change to operating cash flows, but what concerns me is the fact that revenues from customers are reduced every period of the 6 periods reported:
    30/6/12 $202m to $199m,
    31/12/12 $168m to $153m,
    30/6/12 $324m to $288m,
    31/12/13 $199m to $172m,
    30/6/14 $442m to $410m, and
    31/12/14 $261m to $239m.
    These are CASH received figures (not due or payable, but RECEIVED), not accruals, not estimates not journal entries, they should be based on cash in the bank - was the cash in the bank or not? - it now appears not! .... that's what worries the market I think, and I suggest rightly so!
    Last edited by FishBroker: spelling 29/06/15
 
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