JHX james hardie industries plc

Likely to report negative cash flow in May for final quarter....

  1. 26 Posts.
    Likely to report negative cash flow in May for final quarter. Dec 08 for 9 months reported cash flow of $25.2m
    compared to $279.4m previos corresponding period. Already announced will not make contribution to AICF because of projected negative free cash flow.
    Excluding asbetos liabilities and ATO settlements EPS for 3rd quarter was only 3.8 cents a share.
    Net debt of $240m due over next year and a half. (corpoarate governance a mess, poor operating environment to renegotiate.)
    Housing starts in March in US (75% of sales) just over 500,000 compared to over 2 million late 2005.
    Adversely affected by move up in Australian dollar due to asbestos and other liabilities.
    Am I missing something?
 
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Last
$30.14
Change
0.350(1.17%)
Mkt cap ! $12.96B
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