Do you think that the cash assets decreased from 24 mil to 14 mil just on the back of paying a dividend?
Inventory went up from 41 mil to 50 mil so there is 9 mil worth of extra inventory. Receivables are up from 93 mil to 117 mil so you have an extra 25 mil there. So the total current assets have increased from 167 mil to 189 mil or a 22 mil increase in assets. They total liabilities only increased just under 100 thousand so basically nothing.
Shareholders equity increased from 240.4 mil to 274.7 mil or an increase of 34.3 mil.
So they company through it's equity and assets has 56.3 million more then the corresponding period, but it only has that because of a cap raise and increase in debt which is the problem. It's increased it's employee base by 100, so people are expecting growth not just spending money and treading water. Next year we will see if the extra work force has been a success.
Hard to tell through reading a post but the questions are genuine so feel free to reply, cheers.
CSV Price at posting:
69.5¢ Sentiment: Buy Disclosure: Held
