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Yes it's not very well done at all.Overall stocks don't just...

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valueharvest

2,098 Posts.

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11/08/20

20:05

Post #: 46465024
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Originally posted by saintly96: ↑

Further to the excerpt published above from the report the "$6.6m of cash outflows' comment in ridiculous as, when you look at his own figures, relates simply to them paying down debt - it's not operational cash outflow for instance.

It's outrageous that Morgans have kept this report in the public domain when they have been repeatedly advised (and acknowledged!) that it contains many factual errors and the assumptions underlying the forecasts are shoddy.

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Yes it's not very well done at all.

Overall stocks don't just continually go up and up. This company had a strong product with intrinsic and embedded systems and expertise. They have a growth plan and the ability to execute well. They hit their targets.

I've topped up. I think it's a good play here in a little known end of the industry.

PTB Price at posting: 59.0¢ Sentiment: Hold Disclosure: Held
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