the cashflow would be high this month because it probably...

the cashflow would be high this month because it probably includes the 200k mentioned in last months report for tank cleaning that had not yet been received. It does look like a nice turn around story but I'd be careful taking this months cashflow report as a guide - revenue is probably 200k above normal - maybe take an average of the last 3 months?

There is a bit of creative accounting going on - last month they reported $141k in cash earnings but $260k in NPAT - there is nothing wrong with it but they are going for double announcment effect - mention in the April cashflow figures that there is 200k revenue missing but we have included the costs and the in your profit gidance update give NPAT of $260k which cannot include those costs. Then next month you report an extra 200k in revenue (due from the previous month) and punters start saying you made $260k NPAT last month and this month is over $300k so it must make $4m per year etc etc

It looks good and I am checking it out but lets not get too carried away hey! (at least until I decide to buy or not!)