agree the accountant Martino has done a good job of managing the accounts the change to profit in the books out today equates to the big drop in borrowing costs , receivables is also well down indicating the company either has far fewer longer than 60 day debtors or work has reduced , be good if that was clarified.
While coming from a small base the big @ increase in leased vehicle income is interesting and equates closely to the companies asset value , so seems to be a good use of assets , maybe they can increase this revenue stream.
Given the lower exchange rate will possibly push up vehicle prices ie Caterpillar ORH may be in a sweet spot as companies may be more interested in a repair than a replacement.
ORH Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
