1 CEO selling
2 appalling balance sheet, net of inventories has negative equity
3 increased inventories by 5 m in last interim report
4 cash flow from operating activities fallen in last interim report
5 Looking at interim income statement paints a more reassuring picture, but this should always be the least relied on statement
6 this is an over valued share, the bulls are Roger Montgomery acolytes who calculate value based on equity base, this equity base is flimsy, based on inventories only, as I have shown.
7 don't forget Roger wrote his book based on Jbhifi, look at that stock now
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