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35.5¢ dshe holdings limited

Ann: Trading Halt, page-285

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aussieman69

1,986 Posts.

14

07/02/16

20:18

Post #: 16962303
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Originally posted by bensterz ↑

I understand where you are coming from.

What I say is an inventory writedown of $60m means the recoverable value of inventory is $60m less than it cost to acquire - meaning you are going to recover $60m less than what you paid for it (ergo a waste of cash previously spent). To my mind if such stock is impaired it is not selling - so either they are heavily marking down inventory to clear it, needing to bring in new inventory that does sell (or both).

The 2H15 cash flow was used to pay down trade creditors. If you take the FY15 indirect net operating cash flow data and deduct the same data for 1H15 you will see it (and also if you compare the creditor balance at Dec-14 with Jun-15).

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makes sense

Last edited by aussieman69: 07/02/16

DSH Price at posting: 35.5¢ Sentiment: None Disclosure: Held
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0 Great analysis

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