Hi BuyandHold,Last year (2007) GTP's cash inflow from "Receipts...

Hi BuyandHold,

Last year (2007) GTP's cash inflow from

"Receipts from growers/customers" $124m and
"Securitisation of loan receivables" $469m

was $593m in total, much bigger than its 2007 sales of $415m. This is because part of the "securitsation of loan receivable" above was from its sales in years before 2007.

This year GTP's sales was $315m. If the cash inflow from the above 2 items would be more or less the same amount, then the cash flow would be reduced by $593m-$315m = $278m, significantly greater than last year's operational cashflow of $203m.

GTP might save money on its tax payment this year, but that would be largely cancelled out by expending more on management (due to more schemes under control) and on debt interest.

So I reckon GTP's operational cashflow would most likely be negative.