Please recheck the balance sheet. AC increased by 2.2m, AP increased by 6.5m. There is a $4m discrepancy, which would have reduced free cashflow to $6m.
Margins have deteriorated from just below 2% to 1.2%. And you are waiting for management to turn this around? In 2007, NPAT was $9m. After all their acquisitions and high salaries over the last 5 years, NPAT is $5.8m. And you are waiting for THIS MANAGEMENT, the management overseeing this massive piss-up of shareholders money, to turn things around?
Oh boy, good luck.
market update, page-18
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99.0¢ |
Change
0.005(0.51%) |
Mkt cap ! $71.48M | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.00 | 99.0¢ | $16.16K | 16.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4123 | 97.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 5582 | 1 |
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| BSA (ASX) Chart |