BSA 8.61% 95.5¢ bsa limited

Please recheck the balance sheet. AC increased by 2.2m, AP...

  1. 1,708 Posts.
    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.
 
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