They seem to have generated $20m in cashflow in the second half of 2018 based on the reduction in borrowings, creditors and cash at end. If they could repeat that for the first half of 2019 then they would have enough cash to pay a 3c to 4c fully franked dividend ?
Good to see the PHES process is still alive with competing bids and discussions continuing with a preferred bidder. Still impossible to say what this is all worth if anything and what the timetable is.
Kanappa results seems disappointing
Ann: Activity Report Quarter Ended Dec 18 & Guidance Update, page-3
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