CA 389m
CL 316m
If you write down 60m inventory it gets a bit skinny.
Good news is 70mill debt total (135mill available).
Bad news - all was drawn this year.
Hard to see capitulation here - just soft retail sector and holding truck loads of stock that is unsaleable most likely. Inventory up by 40m in the last FY.
Trade payables of 200mill is ok, 1.3bill sales is 110mill per month - again looks ok
