Not only hasn't he understood/read the debtors and the fact that it's mostly rectified.
But....
Probably missed the point that inventory levels were elevated during the period in the build up of goods to meet new contracts.
"Halo is managing this closely and eliminating bottlenecks and delays as best as possible, which has led to increased inventory through the business and a temporary lock up of working capital. Subsequent to quarter, stock builds for new contracts have been dispatched and released and Halo is due to collect these debtor receipts through the current quarter."
This has the potential to be transformative year for HLF.. multibagger up for grabs hereDYOR as always.
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-35
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