Another solid quarter, right bang on where I'd hoped. Although the headline number suggests +3.29m and the receipts from customers in appendix 4C has it @ +3.60m? Either way, I'm happy.
- Clements sales growth (+30%) looks fantastic. I'd guess momentum there can be maintained as the Ardo pump arrangement kicks in fully. And as mentioned previously the latter quarters of 2017 are supposed see solid Ardo growth.
- Inventory picked up by 340k, vs previous quarter and back in line with previous holding levels
- 500k rolled into a term deposit, nice to see the company in a position of improving cash balances and filling coffers.
Can't imagine it will be long before that 6.7c parcel has been nibbled through.
all IMO, DYOR etc...
MLA Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
