Omg basic maths ppl. Cashflow will always be negative in a business that's factoring if they are growing.
Lend $100 during last fortnight of period, Get $25 up front from customer, Pay retailer $96 immediately, Net $71 outflow... Negative operating cashflow of $71 .... time passes .... lending 4,000,000,000 Due to growth the loans made during the last fortnight of the period will only have 1 repayment at best, leaving 3 to 4 outstanding.. giving your negative 300-450m operating cashflow...
APT Price at posting:
$23.88 Sentiment: Buy Disclosure: Held
