debdeb ... what I find interesting about Montgomery's summary is his concern over the very marginal excess of current liabilities over current assets. This is the primary point he makes (from memory - I read it a week ago I think) when having concerns about the business.
However, what he seems to overlook for whatever reason is that this business has regular (not lumpy) cash flow at high margins. It has reasonable cash levels, sufficient debtors, and debtor days < 30 at balance date. In short, sound ability to meet their obligations as they are required. I would say their balance sheet is where it should be without being lazy or over geared. They could probably be more aggressive with this if they wanted, however I like it where it is.
MJS
montgomery???, page-4
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.30 |
Change
0.005(0.39%) |
Mkt cap ! $1.657B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.30 | $1.25 | $9.627M | 7.524M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 158111 | 3 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BGL (ASX) Chart |