Surprised by the FY17Q2 cash receipts and wonder whether this was due to collections for a stellar FY17Q1. In any case, consecutive quarters of positive cashflow show we're heading in the right direction financially.
The improved financing arrangement represents a nod of approval from bankers, which is a plus.
"This stronger result is anticipated to continue into Q2FY17" from their 30 September 2016 commentary has occurred, which is also a plus. "As a result the outlook for growth in the year ahead remains very positive" from their 31 December 2016 commentary is something to come back to at the subsequent quarters.
$000
Sep-15
Dec-15
Mar-16
Jun-16
Sep-16
Dec-16
1
Receipts
6,556
5,076
7,169
6,053
9,562
9,674
2
NOCF
(184)
(503)
1,908
(1,289)
527
586
Would prefer the interest to drop of a little, so I can fill the gap. But maybe the cat is out of the bag already.
SEQ Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
