Suggest you all read the financials in the annual report. It tells an interesting story. At face value:
> Excellent improvement in reducing receivables so actually had positive cash-flow despite a loss
> Obviously spending to achieve growth - hence the loss - no surprise here given what they are trying to achieve
> Probably will need to raise some more cash unless their cost control exercise delivers - they do have access to an undrawn overdraft facility though
Ann: 2016 Financial Year Results-PEH.AX, page-2
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