CFO 0.00% 1.9¢ cfoam limited

Ann: Sales Growth & Production Capability Ramp-up in October, page-16

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  1. 944 Posts.
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    The comment below confused me. So what they are saying is that since CFO got spun out of TAC, quality and reliability had gone down ? But now it is at an acceptable standard ? TAC have played this one very well in my opinion, not sure about the poor shareholders though. Avoid for now IMO 


    A key driver of this increase in Cash Receipts is due to materially higher purchases from Touchstone Advanced Composites (TAC). The Company’s past quality and reliability issues had impacted TAC’s ability to tender for CFOAM®-based composite tooling contracts for most of 2018.



 
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