HT8 0.00% 0.9¢ harris technology group limited

HT8 back to 11c and then a move to 18c-20c, page-35

  1. 78 Posts.
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    It is correct the company owes a large amount to the CEO, more with recent additional loans. There are angles to read into this, IMO - CEO is confident about the business; additional loans to help boosting inventory due to higher sales; the company has no bank loans which means that it is in fact safer plus no bank interest payment (as a shareholder, I rather the company borrows from the CEO than from a bank); the recently oversubscribed CR indicated that institutions have entered with capital injection. As quoted by “happy chappy” – it is debt free now. Referring your reading of 4C, you have read incorrectly. In my previous post, I reminded that 4C does not show margins or profit ; it is purely a cash flow statement for the last quarter. The company has become more and more profitable from all the releases we saw – thus “Turnaround Story” by “$tockfella”. With stronger funding, HT8 will excel. My 2c worth.
 
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