Scott some items from the half year report versus full year Half Year Cash 9.3 mill Borrowings 203 mill Net Assets 117.6 million Expenses 30.9 mill Finance cost 8.2 million
Second Half Year Cash 7.1 mill Borrowings 177 mill Net Assets 30.3 mill (Goddwill adj 86.1 mill) Expenses 34.1 mill Finance Cost 9.5 mill
What I see is that it is important to control expenses and reduce going forward by say $4 mill.Borrowings have come down but they will need control expenses.Will be tight.They are borrowing $4 mill for capital works.
NLG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
