ENA submitted their 4C cashflow late on Friday.Company looks to still be 6 months off .They did state some time ago they would be cashflow positive by March 19 but looks to me that they will not achieve this. They have effectively sold a business and restructured so are some way off seeing positive financial results. What has kept me interested is the aggressive share buying of the chairman who has a track record of building large companies in the past.
Short Term Trading Weekend Lounge: 25-28 Jan, page-47
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