I looked at Huon's operating cash flow released in a market update yesterday
23.97 c per share for 1H 2017
-1.09 per share for 2H 2016
I then multiplied Huon's 87.3 million shares by 23.97 c and got 20.92 million operating cash flow positive then subtracted Ridley's 17 million that Huon should have paid Then Huon's operating cash flow should only have been 3.92 million $
In one action Huon's operating cash flow goes from pathetic to respectable.
Is this creative accounting?
I thing Huon will stretch it out until the full year accounts and then just pay Ridley the 17m bill. They are just buying time.
Operating Cash Flow per share c 23.97 (1.03) 19.72 22%
Huon, page-21
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