For the period 31 Mar 2021 to 30 Sept 2021: Operating cashflow = 35.8 + 30.7 = $ 66.5 M Cash increased from $ 88.0M to $91.6M Debt in Warehouse reduced from $166.3M to $106.5M Receivables at 30 Sept 2021 likely to be over $130M ( but expect a higher cash runoff as provisions on receivables look overstated ) Proceeding nicely converting receivables into cash and using the majority of that cash to pay off warehouse debt. Not seeing any costly new business initiatives.
TGA Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
