LYL 1.67% $14.04 lycopodium limited

Why I've topped up my stake in LYL, page-48

  1. 4,262 Posts.
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    @Just_a_guy

    You've twisted my arm. It was getting late yesterday, and I was getting tired and grumpy.

    See this table for an illustration of how underlying cash flows are travelling (I'm not too interested in year-to-year influences of taxes or finance costs, so I am dealing purely with before interest and tax figures):

    LYL_WC_table_1b.jpg

    And if you are still not convinced that underlying cash flows are healthy, then have a look below at how well they are running ahead of reported earnings, but how well they match reported earnings once we adjust for the increased provisioning:
    LYL_WC_table_2b.jpg

    If you are still not convinced about the cash fountain this business is, then lets use these "underlying operating cash flows before interest & tax" to estimate "underlying free cash flows": LYL_WC_table_3b.jpg
 
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