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12.5% 3.6¢ morella corporation limited

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  1. Paddywagon1982
    1,363 Posts.
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    10/10/19
    08:21
    Post #: 40806551
    Another way to look at this is that the product loaded early October was produced in quarter ending Sept (hence recorded in closing stock), and cost of sales (production cost reduced by amount of closing stock). effectively. Whilst it's not included in sales in quarter it's cash in the bank as product is dispatched on a letter of credit basis!
    AJM Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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