Well said nihilism. "Of that total recievables (~239million),...

First 8 Last

Share
Profile

Follow
schura

1,966 Posts.

120

18/09/18

13:05

Post #: 35670581
Share

Originally posted by nihilism ↑

I'm sorry.. but when you looked at the annual report, you skipped Item 9. of the auditors report entirely?

I'm not even a current APT holder (I sold after 25% up and currently waiting for an updated numbers in the US) and even I know this is very cherry picked.

To enlighten everyone, while interest bearing liabilities went up by ~115million, trade recievables went up 140 million (page 50 of the annual report) which discloses what timeframe those recievables are owed against. Of that total recievables (~239million), there is an impairment allowance against each (total 15million, so total recievables is 254million) and the vast majority, 234million is in the 'not yet due' category, meaning it is within 6 weeks of purchase.

I don't understand what putting out 1 sided arguments is meant to achieve? take a look at the full picture.

If you feel that the company is more impaired or should have more allowance for default in their numbers then say that, but putting in a one-sided argument won't buy you any fans.

Expand

Well said nihilism.

"Of that total recievables (~239million), there is an impairment allowance against each (total 15million, so total recievables is 254million) and the vast majority, 234million is in the 'not yet due' category, meaning it is within 6 weeks of purchase."

Imo your take on the numbers is correct and points to one reality - growth.

APT Price at posting: $15.69 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

DRO

History repeats for DroneShield investors but carnage so far subdued

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

AII

A new NASDAQ listing for a key player in the global critical minerals space

HotCopper Highlights: Trigg; Droneshield; Lumos & more

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Well said nihilism. "Of that total recievables (~239million),...

Top Stories

History repeats for DroneShield investors but carnage so far subdued

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

A new NASDAQ listing for a key player in the global critical minerals space

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Featured News