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Interesting story in the AFR today (Joe Aston) about hocus pocus...

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    351 Posts.
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    22/09/20
    16:33
    Post #: 47539395
    Interesting story in the AFR today (Joe Aston) about hocus pocus in at CCL, simply deferring already slow supplier payment terms in order to appear to be generating more cash. I recall that the AFR has outed the CEO of this business before about similar accounting treatments designed merely to facilitate the CEO's bonus.

    With such short term manipulations, is it any wonder the share price is still what it was 5 years ago?
    CCL Price at posting: $9.21 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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