Fishinnick
Wobbly $200m cash +ve in 14 months?
Well:
1, It would be amazing, given the sitrep, if they are not doing what Wilson Research noted - 15% case throughput reduction.
So I dont think$65 m cash +ve is wobbly
2. I think they would have to tell shareholders if directors views on NIHL had changed. The tin has $150m net written on it y June 14.......so its not in the can yet, but not very wobbly
3. Then we would expect the normal activity in the group would generate some net cash. Wobbly guess $50M om $1B turnover is just about pulling the right management levers.
So It could wobble around $265 M cash +ve in 18 months from 1 jan 16 .....but lets be prudent - $200 m seems a wee bit like walk in park and not really wobbly at all.
Mel ( not a wobbly type really)