Something to not overlook here is the bad debts this company has reported.Last financial year they had to write off over $1 million in impairments.So the figure use to be conservative is the operating cashflow which was $109k for the quarter.Times this by 4 quarters and you get $436k for the full year.If you use the earnings figure you could be hit with bad debts.Look at the last annual report at note 9.
Ann: TPC Investor Presentation, page-40
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