I quickly had a look and cash flow looks pretty consistent with the revenue .Although it's superficial to say but cash flow doesn't look bad at all. However, they did reinstated the revenue which had negative 7 million (rounded) impact in retained earnings. Their cash receipt looks solid as well. Only issue is they had to reinstate the revenue for both years which suggests how incompetent CFO was? It might also suggest accounting standards may not have applied as intended. Whether it was sheer incompetency or wilful intention of deceit ; ASIC will find out.
THE MACQUARIE TRAINWRECK: NXL, page-25
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$4.80 |
Change
-0.030(0.62%) |
Mkt cap ! $1.576B | |||
| Open | High | Low | Value | Volume |
| $4.81 | $4.87 | $4.56 | $10.16M | 2.137M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8434 | $4.78 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.83 | 11430 | 4 |
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