DCG 0.85% 29.3¢ decmil group limited

Ann: Trading Halt, page-9

  1. 582 Posts.
    lightbulb Created with Sketch. 988
    Balance sheet from last half. They had cash, but their Cash+Receivable-Payable-Borrowings was quite unhealthy, at -12 million, down from 2 million prior. They've been attempting to sell homeground to no avail, which was supposed to bring this positive, and fill the gap, but it's clear they're either not trying, or not getting anywhere with this process.

    Also possible that the material price inflation to 3x4 times their normal prices is biting construction companies, as well as the labor shortages in mainly WA driving up company employee churn and raising wage costs.

    Knowing DECMIL though, wouldn't be surprised if they somehow managed to lose an arbitration they claimed had no possibility to come out with a negative financial impact from and somehow have new liabilities. Rotten from the core sadly. Just hope for shareholders it's not another project blowup, they don't need this after what they've been through.
    https://hotcopper.com.au/data/attachments/3386/3386956-ab92b3d20b678e59a6e8d66abcb9d75e.jpg


    Last edited by Bwatson: 22/07/21
 
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