Hi Elbows,
Yes, cash inflows of $10M per month - agreed.
Note that Accounts Payable at any financial period end (take any half-year or yearly report) is around $30M.
Note that Accounts Payable does not include salaries and wages (S&Ws) which are normally paid mid-month. Based on their FY14 annual report, monthly S&Ws expense averaged $3.6M in 2014.
Therefore you have: $60M + $10M - 3.6M - up to $30M in bills paid = $36.4M worse case scenario.
N.B. Amanda has stated that their average selling price has dropped 20% in the December quarter too.
Hi Elbows, Yes, cash inflows of $10M per month - agreed. Note...
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Last
$6.05 |
Change
0.130(2.20%) |
Mkt cap ! $5.697B | |||
| Open | High | Low | Value | Volume |
| $6.02 | $6.12 | $5.97 | $8.329M | 1.376M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 4196 | $6.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.06 | 13659 | 50 |
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