Hi Mars you could be right, however, my reading of the cashflow statement was net change of $34m in contract liabilites (total of $47.7m). It worth noting too that I believe a decrease in other provisions ~$12m maybe due to tax breaks over covid? I'm not 100%. So the cash figure is no doubt inflated. In terms of the working capital - why would this be higher? The construction job has been sold, and the client has paid upfront for works. This allows LYL to now engage sub-contractors to complete the project. That's my basic understanding at least. The working capital requirements should not be effected I don't think, if anything, the dynamic's would be positve.
- Forums
- ASX - By Stock
- Ann: Preliminary Final Report
Hi Mars you could be right, however, my reading of the cashflow...
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYL (ASX) to my watchlist
|
|||||
Last
$13.70 |
Change
0.000(0.00%) |
Mkt cap ! $544.4M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 357 | $14.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.02 | 33 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 357 | 14.380 |
1 | 25 | 13.750 |
1 | 500 | 13.690 |
1 | 1 | 13.650 |
1 | 750 | 13.640 |
Price($) | Vol. | No. |
---|---|---|
13.020 | 33 | 1 |
13.240 | 59 | 2 |
13.340 | 11 | 1 |
13.580 | 1082 | 1 |
13.840 | 1000 | 1 |
Last trade - 09.46am 23/07/2024 (20 minute delay) ? |
Featured News
LYL (ASX) Chart |
Day chart unavailable