PLT 1.96% 75.0¢ plenti group limited

decan, page-2

  1. 371 Posts.
    no worries puck, it's all about the greater good for the greater number!

    One little observation for you that still is not getting through is the issue about working capital for PLT if sales do actually indeed ramp up.

    Check out the the December half year accounts, look at fixed costs (ex wages), then consider half year sales revenue of $916,608 but trade and other receivables were $1,334,232.

    This tells the story re payment terms of PLT unequivocally and dismisses my learned IT friend's call that PLT "does not ship product until payment hits the bank"

    Working capital is the key to a business like PLT if sales ever eventuate to the levels forecast by the board.

    cheers
 
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