Australia's largest stock trading and investment forum Australia's #1 stock forum

STS srg limited

0.00%

72.0¢

Ann: SRG - Half Year Announcement and Presentation, page-5

First 5 Last

Share
Profile

Follow
risk41

1,299 Posts.

104

06/03/16

23:19

Post #: 17202349
Share

Originally posted by Fidosnos ↑

No debt and a fair cash holding, but they are eating into their cash reserves with the negative operating cash flow of -3.7 m, which is bigger than their EBIT. Made $93 m in cash payments against $88 m in cash receipts. And past history suggests that the second half is significantly worse than the first.

Not sure this is a good investment at this stage, nor whether it is well managed. Engineering contract services is a sector that has killed off many a company that wasn't carefully managed.

Expand

Have you considered the $9.75M ETP settlement paid (2014 this showed as a $51M liability) and the $2.35M CCM purchase?

STS Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

ASE

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Most investors will get this earnings season wrong. Will you?

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: SRG - Half Year Announcement and Presentation, page-5

Top Stories

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Most investors will get this earnings season wrong. Will you?

Featured News